Logitech Stock Dips Following Bank of America Downgrade

By EC Assets · Published

Logitech shares declined after Bank of America downgraded the stock. The firm cited concerns regarding the demand outlook. Bank of America reduced its rating on Logitech to Underperform from Neutral. Bank of America also lowered its price target for Logitech. The price objective was cut by 18% to CHF70 or $86, down from the previous CHF85 or $108. This downgrade was noted by BofA Securities analyst Didier Scemama. Logitech International SA is traded on the SIX Swiss Exchange under the ticker LOGN:SW and on NASDAQ as LOGI. The stock recorded a decline of 5.3 percent, trading at 75.28 Swiss Francs. This article is intended for informational purposes only. It does not constitute investment advice.

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