Stock Track | Logitech International SA Plunges 5.51% in Pre-Market After Exane BNP Paribas Downgrades to Neutral

Stock Track

01/08

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.

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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.</p><p>Additionally, Logitech faced operational challenges this week as its macOS applications, Logi Options+ and G Hub, experienced disruptions due to an expired security certificate. 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