Logitech falls as BofA cuts amid full inventories, tariffs

Logitech International SA

28/02/2025 10:07

** Shares in Logitech LOGN.S fall 6% after Bank of America cut the Swiss computer peripherals maker's rating to "underperform" from "neutral"

** BofA says it expects lower margins amid full inventories and a potential negative effect from U.S. tariffs

** While the analysts see a robust growth in the lucrative video collaboration division, they say it is still not enough to offset the lagging pointing devices and gaming units

** "All in all, we are concerned that the stock could struggle to re-rate further if growth disappoints," BofA says

** The broker cut the stock's target price to 80 Swiss francs from 91 Swiss francs earlier

** The stock is on track for its worst day since October 2024

** Among the 12 analysts that cover Logitech three rate is as  "strong buy" or "buy," eight as "hold" and one as "sell" or "strong sell"

($1 = 0.9014 Swiss francs)

 (Andrey Sychev)

 ((andrey.sychev@thomsonreuters.com))