Why Logitech Stock Dropped 6% Today

Morgan Stanley says the computer peripherals maker is a sell -- but Morgan Stanley is wrong.Logitech International (LOGI -6.50%) stock was trading down by 6% as of 12:20 p.m. ET Monday after investment bank Morgan Stanley downgraded the computer peripherals maker to underweight (i.e., sell) and predicted the stock would fall to $75 over the next 12 months.That's now the lowest price target assigned to Logitech by any bank on Wall Street, according to StreetInsider.com. What Morgan Stanley said about Logitec ...

Why Logitech Stock Dropped 6% Today - Reportify