Avery Schumer
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Avery Schumer in Sector Report,

Brean Capital Is Bullish On Logitech's 'Next Leg Of This Transformation'

Logitech International SA (USA)  is an “organically transforming company” with a “premium brand cache at an attractive valuation,” Brean Capital’s Ananda Baruah said in a report. He initiated coverage of the company with a Buy rating and a price target of $30.

Analyst Baruah believes Logitech’s valuation is attractive based on:

  1. Street estimates seem to be materially low for the next four-to-eight quarters
  2. The price target represents 30 percent upside
  3. The company could potentially generate double-digit revenue growth and 15-20 percent EPS growth