Logitech price target raised to $70 from $65 at Loop Capital

Loop Capital raised the firm’s price target on Logitech to $70 from $65 but keeps a Hold rating on the shares. The company’s Q1 results last week were “stabilizing” amid improving channel management, while its Q2 guidance was also “conservative”, the analyst tells investors in a research note. Loop adds however that with the stock’s earnings multiple range expanding to 20x-25x from what had been 15x-20x, there is less wiggle room for executional error.