Logitech: Stifel slashes target price
(CercleFinance.com) - Stifel maintains its hold rating on Logitech shares, having slashed its target price for them from 83 Swiss francs to 55 Swiss francs (current price: 48 Swiss francs, +0.
2%), after revising its projections to below group and consensus targets.
Pointing to continued weak consumer sentiment, the broker expects "news-flow to remain muted (potential guidance cut) leading to ongoing high volatility in the stock".
"Valuation has become more attractive, in our view, but pre-Covid-19 levels are not yet fully reflected according to our scenario analysis," it continues in its comments on the Swiss computer peripherals maker.
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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.
2%), after revising its projections to below group and consensus targets.
Pointing to continued weak consumer sentiment, the broker expects "news-flow to remain muted (potential guidance cut) leading to ongoing high volatility in the stock".
"Valuation has become more attractive, in our view, but pre-Covid-19 levels are not yet fully reflected according to our scenario analysis," it continues in its comments on the Swiss computer peripherals maker.
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.