Loop Capital raised the firm’s price target on Logitech to $88 from $87 and keeps a Hold rating on the shares. The company experienced improved demand across all of its key categories minus Webcams, the analyst tells investors in a research note, adding that the improved demand along with promotional discipline and better inventory management drove the top line higher. The management’s confidence in its go-forward has also slightly improved, supported by the momentum in demand felt during the quarter, the firm added.
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