JPMorgan Chase Cuts Logitech Price Target to $120.00
JPMorgan Chase & Co. has lowered its price target for Logitech International (NASDAQ:LOGI) to $120.00, a decrease from the previous target of $123.00.
The brokerage firm also maintained its 'neutral' rating on the technology company's stock, indicating a potential upside of 17.57% from the current price.
This move comes as several other brokerages have issued reports on Logitech International in recent weeks. For example, Wedbush cut their price target to $130.00 and set an 'outperform' rating for the company, while Citigroup upped its price target to $124.00 and gave the stock a 'buy' rating.
Logitech International last announced its earnings results on July 28th, reporting $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.59.