Why Logitech International Stock Plunged on Tuesday
Logitech International (NASDAQ: LOGI) delivered better-than-expected earnings results late Monday, but management maintained its previous outlook for flattish sales growth in fiscal 2022 (which ends in March).
On top of that, Goldman Sachs analyst Alexander Duval downgraded the stock from a buy to a neutral rating, citing valuation concerns. The stock was down 9.4% as of 10:51 a.m. EDT on Tuesday.
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Source Fool.com
