JPMorgan analyst Paul Chung upgraded Logitech International to Overweight from Neutral and raised his price target for the shares to $42 from $38 following yesterday's fiscal Q3 results. Logitech's product mix shift is trending toward higher margin growth categories Gaming and Video Collaboration, which are driving gross margins structurally higher, Chung tells investors in a post-earnings research note. Video Collaboration is benefiting from secular demand for huddle room solutions and now expanding to all conference room types, says the analyst. He thinks Logitech's valuation multiples look attractive for longer term investors.