UPDATE: Piper Jaffray Reiterates Overweight Rating, Lowers PT on LogMeIn on 2013 Guidance

In a report published Friday, Piper Jaffray reiterated its Overweight rating on LogMeIn (NASDAQ: LOGM ), but lowered its price target from $28.00 to $26.00. Piper Jaffray noted, “Guidance eliminated hopes that 2013 would be a bounce back year for LogMeIn, but we believe shares will move higher throughout the