Zacks Investment Research upgraded shares of Logitech International SA (LOGI) from NEUTRAL to OUTPERFORM on September 27, 2013, with a target price of $11.00.
Logitech is a leading designer and manufacturer of innovative peripherals for the digital world. We are upgrading our recommendation on Logitech from Neutral to Outperform, with a target price of $11.00. Logitech is doing well in the tablet and gaming accessories market. . Further, the company is expected to report earnings improvements in next quarter and through fiscal 2013, as Logitech expects to reap the benefits from its restructuring and turnaround plans. In addition, the company intends to focus on its core product line by divesting its non strategic assets. Furthermore, during the fourth quarter of fiscal 2013, Logitech initiated a recurring regular dividend, to be issued and paid on an annual basis.
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