Logitech price target lowered to $88 from $92 at Wedbush

Wedbush lowered the firm’s price target on Logitech to $88 from $92 and keeps a Neutral rating on the shares. After significant pandemic-era expansion throughout its categories, macroeconomic headwinds and currency pressure halted Logitech’s growth trajectory, the firm notes. Logitech’s FY24 was the inflection point Wedbush assumed it was, and trends are improving. That said, Logitech’s FY25 guidance is conservative as management awaits the appointment of a new CFO, the firm adds.