MS cuts Logitech to 'underweight', sees higher memory costs

Logitech international

20/01/2026 07:54

** Morgan Stanley downgrades Logitech LOGN.S to "underweight" from "equal-weight", expecting higher memory costs to affect the Swiss computer parts maker's underlying demand

** The broker says higher memory costs are caused by sector-wide increases in input costs and supply shortages

** The broker says the PC market and the gaming market, which together make up over 80% of Logitech's revenue, are likely to slow down as hardware budgets are cut

** As demand is sensitive to price increases, the analyst forecasts pressure to topline growth in 2027

** Shares are seen down 1.7% pre-market and have fallen 7% year-to-date

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))