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Fly News Breaks for January 23, 2019
LOGI
Jan 23, 2019 | 06:49 EDT
Citi analyst Asiya Merchant believes Logitech International's fundamentals drivers are intact following yesterday's fiscal Q3 results. The shares are "very attractively priced" relative to Logitech's consumer tech hardware peers given the company's "diversified portfolio strategy" and its "strong operational focus and cash flow generation," Merchant tells investors in a post-earnings research note. The analyst keeps a Buy rating on Logitech with a $46 price target.
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