Logitech: UBS reduces target price
(CercleFinance.com) - UBS highlights the risk of slightly lower consumption, although believes that there is room for significant cost savings.
The analyst confirms a buy rating on the stock, although has lowered its target price to 70 euros (from 73 euros).
Incorporating consumer risks into its forecasts, there is still room for significant savings in overheads, which UBS says is important given its current valuation.
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