Logitech price target lowered to $60 from $65 at Barclays

Barclays lowered the firm’s price target on Logitech to $60 from $65 and keeps an Overweight rating on the shares following the analyst day. The company outlined growth drivers across product categories, total addressable opportunities and reaffirmed its long-term model, though the first half of fiscal 2024 outlook came in below expectations owing to the weaker macro environment, the analyst tells investors in a research note.