Logitech: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse has reinstated its "Outperform" rating on the share of Swiss mouse and IT accessory maker Logitech, having increased its corresponding target price by 10% to 133 Swiss francs, after the group increased its 2022-23 forecasts by 8% for revenues, along with a cautious 3% increase in its estimate for non-GAAP operating profit.


"As the year progresses, as in the past (guiding low and overdelivering), operating profit may be better than expected. Logitech thus remains a solid growth stock," the broker says.

The share is currently up about 1.5%, outperforming the Swiss market by about half a point.



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