Information Provided By:
Fly News Breaks for January 14, 2020
LOGI
Jan 14, 2020 | 05:58 EDT
JPMorgan analyst Paul Chung downgraded Logitech to Neutral from Overweight with a $48 price target. The analyst expects the copay post "seasonal strong" fiscal Q3 results and issue "encouraging" fiscal 2020 guidance. However, with the stock hitting close to $48 and trading at premium multiples to historical averages and peers, the risk/reward is now balanced, Chung tells investors in a research note.