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LOGI CEO Steps Down To "Pursue Other Opportunities" & AMAT Not Benefitting From A.I. Demand Surge
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Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Logitech (LOGI) CEO steps down to "pursue other opportunities." Jenny Horne discusses this as Citi downgrades LOGI to neutral from buy, and lowers its price target to $70 from $73. Citi notes its concerns over management's ability to execute the current growth strategy. LOGI's non-executive board member Guy Gecht is to act as interim CEO. Additionally, Needham downgrades Applied Materials (AMAT) to hold from buy, without a price target. Needham tells investors A.I. demand surge is unlikely to have meaningful effect on Foundry/Logic. Tune in to find out more about the stock market today.
…
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4312 episoade
M4A•Pagina episodului
Manage episode 366080749 series 3349630
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Logitech (LOGI) CEO steps down to "pursue other opportunities." Jenny Horne discusses this as Citi downgrades LOGI to neutral from buy, and lowers its price target to $70 from $73. Citi notes its concerns over management's ability to execute the current growth strategy. LOGI's non-executive board member Guy Gecht is to act as interim CEO. Additionally, Needham downgrades Applied Materials (AMAT) to hold from buy, without a price target. Needham tells investors A.I. demand surge is unlikely to have meaningful effect on Foundry/Logic. Tune in to find out more about the stock market today.
…
continue reading
4312 episoade
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