Deutsche Bank Is Bullish on This Swiss Consumer Electronics Company

By Benzinga
Benzinga
Benzinga
December 15, 2021 Updated: December 15, 2021

Deutsche Bank analyst Robert Sanders initiated coverage of Logitech International SA with a Buy rating and CHF 92 price target, implying 23 percent upside to December 10, 2021 closing price of CHF 74.82.

With the shares down 40 percent since June, investors “appear to have lost faith” in Logitech’s ability to grow sustainably following the Covid boom year of fiscal 2021, Sanders tells investors in a research note.

However, the analyst believes investors are under-appreciating both the “huge increase” in the company’s installed base that has occurred and the shortened replacement cycle for Logitech’s products.

Logitech is a Switzerland-based provider of personal computers and mobile accessories.

By Anusuya Lahiri

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