Logitech: stock drops as UBS downgrades to 'neutral'
(CercleFinance.com) - Logitech shares are down slightly today, after UBS downgraded the world's largest maker of computer mice from "buy" to "neutral", citing the stock's performance.
"At 19x EV/EBITDA, we think Logitech's prospects are reflected and the investment case is not free of risks as barriers to entry are low," the Swiss broker said in a note.
UBS, still, keeps its target price of 47 Swiss francs.
Logitech shares are currently trading 0.4% lower at 45.2 Swiss francs. They have risen by 46% this year.
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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.
"At 19x EV/EBITDA, we think Logitech's prospects are reflected and the investment case is not free of risks as barriers to entry are low," the Swiss broker said in a note.
UBS, still, keeps its target price of 47 Swiss francs.
Logitech shares are currently trading 0.4% lower at 45.2 Swiss francs. They have risen by 46% this year.
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.