Computer parts maker Logitech Q4 sales rise; first positive qtr in over 2 years
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
JPMorgan Downgrades Logitech International (LOGI) to Neutral
May 1, 2024 6:11 AM EDTJPMorgan analyst Samik Chatterjee downgraded Logitech International (NASDAQ: LOGI) from Overweight to Neutral with a price target of $85.00 (from $92.00).
The analyst comments "We are downgrading shares of Logitech, even as the quarter showed continued signs of robust execution, as we believe the rebound of the product portfolio to healthy growth in the medium term will remain constrained by a challenging macro and efforts to drive growth will likely need to return to robust promotional levels. Logitechs execution in recent quarters in relation to driving the balance of both revenue and gross margin has... More
