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Why Logitech Stock Dropped 6% Today
LOGILogitech(LOGI) The Motley Fool·2024-04-16 00:38

Morgan Stanley says the computer peripherals maker is a sell -- but Morgan Stanley is wrong.Logitech International (LOGI -6.50%) stock was trading down by 6% as of 12:20 p.m. ET Monday after investment bank Morgan Stanley downgraded the computer peripherals maker to underweight (i.e., sell) and predicted the stock would fall to $75 over the next 12 months.That's now the lowest price target assigned to Logitech by any bank on Wall Street, according to StreetInsider.com. What Morgan Stanley said about Logitec ...