Logitech: shares up after broker comments
(CercleFinance.com) - Shares of Swiss technology accessories maker Logitech are up slightly on Monday, following positive broker comments on the stock.
Today UBS maintained its "buy" rating on the stock, with a target price of 40 Swiss francs, citing healthy prospects, strong momentum and reassuring catalysts ahead.
"We expect the third-quarter results day on the 23 January (we look for a guidance increase) and the analyst day in March (outlook) to be reassuring," the broker wrote in a report.
Logitech shares are currently up 0.2% at 34.7 Swiss francs, outperforming Zurich's SMI index, which is down 0.1%.
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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.
Today UBS maintained its "buy" rating on the stock, with a target price of 40 Swiss francs, citing healthy prospects, strong momentum and reassuring catalysts ahead.
"We expect the third-quarter results day on the 23 January (we look for a guidance increase) and the analyst day in March (outlook) to be reassuring," the broker wrote in a report.
Logitech shares are currently up 0.2% at 34.7 Swiss francs, outperforming Zurich's SMI index, which is down 0.1%.
Copyright (c) 2018 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.