Baptista Research on May 23 lowered Swiss computer peripherals company Logitech International (LOGN.SW) to hold from buy.
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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target from $170 to $202, 22x our revised FY 27 (Jan.) EPS estimate of $9.20 (previously $9.15). This premium valuation, above its 18x three-year mean, is justified by WSM's strong execution, pricing power with its affluent consumer, and diversified portfolio. However, we see a balanced risk/reward profile as potential headwinds from rising transportation costs and an ambiguous interest rate outlook temper our enthusiasm. Positively, management's conservative guidance, which already assumes extended tariffs and no housing recovery, coupled with WSM's track record of beating expectations, provides a floor for performance. Furthermore, WSM's cash flow should support continued dividend growth and share repurchases, providing a buffer for any bottom-line softness. Given this balanced view, we adjust our FY 28 EPS estimate to $9.91 (from $10.03) and see shares fairly valued at current levels. In order to be more constructive, we would like to see less ambiguity in the interest rate outlook.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month price target of $120, based on 20x our FY 26 EPS estimate and above the company's three-year average forward P/E multiple of 15.6x, reflecting our view the company will demand a higher multiple as margins expand and its Wizards/Digital Gaming segment becomes a larger portion of revenues. We maintain our FY 26 and FY 27 EPS estimates of $6.00 and $6.30, respectively. We upgrade shares after a 15% pullback from its 52-week high. HAS continues to expand margins well above peers and grow its top line thanks to its Wizards/Digital Gaming segment, which saw revenue grow 26% Y/Y to $582.0M with operating profit of $298M (+29% Y/Y) and a robust 51.2% operating margin. We expect investors to pay up for best-in-class fundamentals and one of the top performers in all of retail. HAS's Q1 2026 revenue increased 13% Y/Y to $1.0B, $34M above estimates. Adjusted operating profit increased to $287M (+29% Y/Y).
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $279, 40.8x our FY 27 EPS estimate, in line with its five-year forward average P/E at 41.0x. We cut our FY 27 EPS estimate by $3.72 to $6.83 and set FY 28's at $10.14. TTWO anticipates a breakout year ahead, led by the upcoming release of Grand Theft Auto VI and a robust pipeline of new titles, with guidance for record net bookings and operating cash flow. Management projects continued strong performance and the ability to sustain higher scale, with improved operational leverage and cost efficiency, aided by margin improvements and increased use of technology, including AI. There was continued success and innovation in mobile, especially from Zynga, with both older and newer titles achieving growth. The mobile business benefited from strong execution, new features, and live service enhancements, and the direct-to-consumer channel was highlighted for driving both net bookings and margin growth.