UBS Lowers Logitech to Neutral, Cites Slowing Gaming Momentum; Shares Slip
UBS downgraded Logitech International from buy to neutral and reduced its 12-month price target to CHF80 from CHF88, pointing to easing consensus earnings revisions and indications that the gaming market is maturing in North America and Europe. The stock fell more than 5% the day after the note, as the bank trimmed FY27 and FY28 EPS estimates and r…