Wedbush Upgrades This Swiss-Based Consumer Electronics Company

• Wedbush analyst Michael Pachter upgraded Logitech International SA (NASDAQ:LOGI) to Outperform from Neutral with a $90 price target, implying an upside of 18.8%.
• Logitech must still face tough comparisons and a difficult supply chain environment before returning to a premium multiple.
• Pachter expects shares to quickly return to their five-year historical average multiple or higher if demand remains strong. 
• The company can show re-accelerating growth in Video Conferencing, Webcams, and Gaming after lapping the difficult post-pandemic comps and overcoming current supply chain constraints.
• Price Action: LOGI shares traded higher by 1.84% at $76.01 on the last check Tuesday.