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.
Published first on TheFly
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