Logitech price target raised to $80 from $75 at Citi

Citi raised the firm’s price target on Logitech to $80 from $75 and keeps a Neutral rating on the shares. The company’s’ fiscal Q2 results beat the prior low-bar guidance with higher than expected sales, gross margin improvements, and tighter cost management, resulting in a strong earnings beat, the analyst tells investors in a research note.