Deutsche Bank analyst George Brown downgraded Logitech to Sell from Hold with a CHF 60 price target. The firm noted that Logitech shares are up 40% over the past year, and now have a “steep premium valuation,” which the analyst believes is “unsustainable” and “providing little margin for error.” Deutsche Bank added that shares look vulnerable heading into April earnings, where FY25 guidance is expected to be provided.
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