02:15 AM EDT, 04/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $85 from $106, based on 17x our CY 26 EPS forecast of $4.98, well below its three-year historical average of 22x, reflecting the muted outlook due to tariff impact and anemic growth potential. We cut our FY 26 (Mar.) EPS estimate to $4.42 from $4.83 and initiate FY 27's at $4.81. We maintain our Hold rating on LOGI as near-term headwinds from tariffs (200 bps gross margin impact in Q1 FY 26) and manufacturing transition costs are balanced against long-term strengths including diversified geographic footprint (65% of sales outside the U.S.), robust balance sheet ($1.5 billion in cash), and proven operational excellence. While management's plan to reduce U.S. products sourced from China from 40% to 10% by year-end is aggressive, pricing power and cost initiatives should provide a partial offset. We see limited upside until tariff impacts and manufacturing transition uncertainties stabilize.