Logitech (LOGI) drops 3.9% after Goldman's Simon Schafer downgrades the PC peripherals and...

|About: Logitech International S.A. (LOGI)|By:, SA News Editor

Logitech (LOGI) drops 3.9% after Goldman's Simon Schafer downgrades the PC peripherals and electronics gear vendor to Sell, believing a weak consumer spending environment will hurt sales. Schafer thinks Logitech's FY12 forecast is too optimistic, and is also worried about challenges related to its CEO transition.