Tech companies that source a large part of their supplies from China could suffer under a second Trump term, according to Citi. With Donald Trump winning his reelection bid last week, U.S.-China trade tensions are anticipated to ramp up. During his campaign, Trump proposed a universal tariff of up to 20% on all imports and a higher 60% levy on Chinese goods. Under such an economic proposal, companies with the most exposure to Chinese manufacturing could take a hit.
Analysts are generally neutral on the computer peripherals manufacturer, with four of the eight covering the stock rating it as a hold, LSEG data shows. That said, Logitech's average price target implies a potential upside of 20%. "Magnificent Seven" titan Apple was another name on the list. Shares of the iPhone maker have advanced 17% this year.
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