Logitech: shares up after broker comments

(CercleFinance.com) - Shares of Swiss technology accessories maker Logitech are up slightly on Monday, following positive broker comments on the stock.


Today UBS maintained its "buy" rating on the stock, with a target price of 40 Swiss francs, citing healthy prospects, strong momentum and reassuring catalysts ahead.

"We expect the third-quarter results day on the 23 January (we look for a guidance increase) and the analyst day in March (outlook) to be reassuring," the broker wrote in a report.

Logitech shares are currently up 0.2% at 34.7 Swiss francs, outperforming Zurich's SMI index, which is down 0.1%.

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