Credit Suisse downgrades Logitech, says there's little hope for growth ahead

Analyst Serge Rotzer downgraded Logitech to neutral from outperform. "Given that there is little prospect of growth in the next six months in a challenging interest rate environment, we do not see any short-term catalysts, and we believe the holiday season could become the first event to change the outlook," he wrote in a client note Monday.

Credit Suisse forecasts Logitech's revenue to decline by an average of 10.5% in the fiscal years 2023 to 2024. The firm notes that Logitech's two main structural growth drivers, gaming and video collaboration, are currently struggling. Logitech only offered guidance for the first half half of fiscal year 2024, abstaining from a full-year outlook.

I downgrades CreditSuisse !

Credit suisse has got a ton of problems. Don't take advice from failure banks

How does a criminal bankrupt bank downgrade anything?

Biggest joke. this should have been tweeted on April 1st

Looks like credit suisse was downgraded.

I wonder what hope ahead is for Credit Suisse?

Everyone else down grades $CS

Credit Swiss downgrades another company!!!!

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