Increasing competition could add to challenges for this electronics company, UBS warns

His new price target implies the stock will fall more than 20%. U.S.-listed shares of Logitech fell more than 1% in the premarket. "We think Logitech is facing increasing challenges," Iffert said in a note to clients Wednesday. Logitech beat Wall Street consensus when reporting fiscal fourth quarter earnings Monday. The company posted 50 cents in adjusted earnings per share, higher than the 41 cents expected by analysts polled by StreetAccount. Logitech also reported $960.

mountain Logitech — CNBC's Michael Bloom contributed to this report.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FDIC sees merits of increasing backstop for business accountsA key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that significantly increasing the backstop for bank accounts used for business purposes was the 'most promising.'
Source: Reuters - 🏆 2. / 97 Read more »