Logitech: Wedbush upgrades rating
(CercleFinance.com) - On Monday Wedbush upgraded its rating on the Logitech share to "outperform" (vs.
"neutral"), while maintaining its target price of 48 dollars for the share (37% upside).
According to the broker, the Swiss manufacturer of keyboards and webcams' product portfolio should benefit, in an environment that is deemed "uncertain," from both its most mature activities and growth drivers in collaborative video and video games.
Logitech is also well positioned, it says, to take benefit from the current shift trend remote working in the face of growing health concerns relating to the coronavirus epidemic.
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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.
"neutral"), while maintaining its target price of 48 dollars for the share (37% upside).
According to the broker, the Swiss manufacturer of keyboards and webcams' product portfolio should benefit, in an environment that is deemed "uncertain," from both its most mature activities and growth drivers in collaborative video and video games.
Logitech is also well positioned, it says, to take benefit from the current shift trend remote working in the face of growing health concerns relating to the coronavirus epidemic.
Copyright (c) 2020 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.