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Fly News Breaks for October 24, 2018
LOGI
Oct 24, 2018 | 07:46 EDT
Loop Capital analyst Ananda Baruah kept his Buy rating and $53 price target on Logitech after its "solid" Q3 earnings and revenue upside and maintained FY19 guidance. The analyst notes that the company's outlook and long-term revenue model are likely conservative, adding that the strong outperformace in the gaming segment could persist. Baruah recommends that investors buy into the weakness in the stock price.
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