Logitech International SA (LOGI) saw its shares drop 5.51% in pre-market trading on Thursday following a downgrade by Exane BNP Paribas. The firm lowered its rating on Logitech from "Outperform" to "Neutral" and slashed the target price from $128 to $106, citing concerns over the company's near-term growth prospects.
Additionally, Logitech faced operational challenges this week as its macOS applications, Logi Options+ and G Hub, experienced disruptions due to an expired security certificate. While the company has released a manual patch to resolve the issue, the incident may have contributed to negative sentiment among investors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments