Logitech International SA (LOGI) saw its stock plummet by 5.04% during intraday trading on Wednesday. The sharp decline followed negative sentiment triggered by Morgan Stanley's recent actions.
Morgan Stanley maintained its Equal-Weight rating on Logitech but trimmed the price target to $107 from $108. Analysts' adjustments often influence investor behavior, leading to significant price movements, especially when they reflect cautious or bearish outlooks.
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