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Fly News Breaks for January 15, 2020
LOGI
Jan 15, 2020 | 07:30 EDT
As previously reported, Wedbush analyst Michael Pachter downgraded Logitech to Neutral from Outperform with a $48 price target. The analyst cited valuation as shares are now trading near Logitech's peak historical multiple. Further, Pacther thinks Logitech's consistent earnings growth with investor-friendly capital allocation will support shares at the high-end of its historical range, particularly as the tariff overhang dissipates.
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