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Fly News Breaks for January 23, 2019
LOGI
Jan 23, 2019 | 09:03 EDT
DA Davidson analyst Tom Forte kept his Buy rating and $58 price target on Logitech after its Q3 results, saying the company's performance was especially impressive given the challenges in the quarter around tariffs, strong U.S. Dollar, slower economic growth in China, and the U.S. government shutdown. The analyst contends that investors should buy Logitech shares after the earnings as he was "encouraged by the company's ability to shift its focus to high growth segments such as video collaboration and gaming".
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