Stifel analyst Juergen Wagner raised the firm’s price target on Logitech to CHF 84 from CHF 72 and keeps a Hold rating on the shares. Gaming is set to grow again over the next two years, but Video is unlikely to turn into a growth engine over the coming quarters, contends the analyst, who adds that the AI adoption in PCs is unlikely to stimulate PC peripherals demand over the next 18 months.
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