Goldman Sachs (NYSE:GS) has removed Logitech (Nasdaq:LOGI) from their Conviction Buy List, although they maintain their "Sell" rating on them.
Goldman cited as the reason for their actions "a raised valuation multiple to capture expected growth driven by Digital Home and LifeSzie, despite threats to the core PC Peripherals business."
Logitech was added to Goldman's Conviction Buy List on September 15, and since that time has soared close to 30 percent.
Logitech closed Friday at $20.41, dropping $0.14, or 0.68 percent.
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