Logitech: favourable momentum,Crédit Suisse maintains rating
(CercleFinance.com) - As Logitech is set to publish its 2nd-quarter results next week, Crédit Suisse anticipates an 11.
5% rise in sales for these three months.
The analyst anticipates a 10.47% increase in sales (to 3.3 billion euros) for the fiscal year, in particular thanks to the success of the new games consoles, specifies Crédit Suisse.
The analyst also imagines that Logitech will take advantage of this momentum and cash reserves (close to 862 million dollars) to launch new mergers and acquisitions.
In these conditions, Crédit Suisse maintains its 'outperform' rating, with a target price of 75 euros.
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