(LOGI) Logitech International – Bear of the Day

We are downgrading our Neutral recommendation on Logitech International (LOGI) to Underperform with a target price of $8.25. In the recently concluded quarter, the company witnessed lower than expected sales, especially in the EMEA region.

The weakness in EMEA was the result of lower-than-expected demand late in the fourth quarter and poor execution of pricing in channel programs in the region. Further, the gross and operating margins also declined due to weaker-than-expected demand and the charge related to re-pricing of Logitech Revue.

In addition, for fiscal 2012, the company expects a decline in sales of its PC peripherals, primarily in the mature markets. Logitech currently has a Zacks #5 Rank (Strong Sell).

LOGITECH INTL (LOGI): Free Stock Analysis Report

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.

Comments

Powered by Facebook Comments


Similar Posts: | | Computer Peripherals | Technology

RSS feeds: LOGI | Logitech International SA | Computer Peripherals | Technology |

Other Posts by | RSS Feed for this author