Logitech: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded its rating on the shares of the computer peripherals supplier Logitech from "neutral" to "buy", despite cutting its target price for them from 81 Swiss francs to 73 Swiss francs, which still represents upside potential of 24%.
"Sales impacted but not falling off a cliff," the broker summarised, also pointing to "strong cash flow prospects", which it said were not reflected in the share's price.
Copyright (c) 2022 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.
"Sales impacted but not falling off a cliff," the broker summarised, also pointing to "strong cash flow prospects", which it said were not reflected in the share's price.
Copyright (c) 2022 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.