Logitech: Wedbush Securities ups target price
(CercleFinance.com) - Wedbush Securities has reiterated its "outperform" rating on computer peripheral maker Logitech, while raising its target price from 46 dollars to 48 dollars, expecting further share price appreciation.
There is now less overhang with the lifting and reduction of some China tariffs, the broker said, while other catalysts remain in place, it wrote in a note.
"We believe that the current share price is still a compelling entry point for investors seeking consistent earnings growth with investor-friendly capital allocation," Wedbush added.
The Nasdaq-listed share is currently up 0.1% at 46.2 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
There is now less overhang with the lifting and reduction of some China tariffs, the broker said, while other catalysts remain in place, it wrote in a note.
"We believe that the current share price is still a compelling entry point for investors seeking consistent earnings growth with investor-friendly capital allocation," Wedbush added.
The Nasdaq-listed share is currently up 0.1% at 46.2 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.