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Fly News Breaks for January 22, 2020
LOGI
Jan 22, 2020 | 08:12 EDT
DA Davidson analyst Tom Forte raised his price target on Logitech to $64 and kept his Buy rating after its "impressive" Q4 results, highlighted by strong performance in its key gaming and video collaboration segments. The analyst expects the gaming segment to benefit from further content development and for video collaboration to drive its "strong sales momentum" as the segment reaches 20% of total revenue contribution level, even though he still sees gross margins remaining under pressure due to tariff headwinds.