Logitech price target raised to $73 from $60 at Citi

Citi analyst Asiya Merchant raised the firm’s price target on Logitech to $73 from $60 and keeps a Buy rating on the shares. The company’s fiscal Q4 results were better than feared but in line with the prior guide, the analyst tells investors in a research note. Despite positive PC demand data points, management continues to guide conservatively for limited improvement from current quarter, which creates an attractive setup, contends the firm.