Citigroup Downgrades Logitech International to Neutral, Announces $70 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Asiya Merchant has downgraded Logitech International (NASDAQ:LOGI) from Buy to Neutral and announced a $70 price target.

June 14, 2023 | 1:06 pm
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Logitech International's rating has been downgraded from Buy to Neutral by Citigroup, with a $70 price target.
The downgrade from Buy to Neutral by Citigroup analyst Asiya Merchant indicates a less optimistic outlook for Logitech International's stock. This could lead to a short-term negative impact on the stock price as investors may perceive the downgrade as a sign of weakening fundamentals or growth prospects.
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