Garmin price target raised to $167 from $152 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Garmin (GRMN) to $167 from $152 and keeps an Underweight rating on the shares. The company reported a Q2 beat on strength in fitness and better margins, the analyst tells investors in a research note. The firm says that while Garmin’s fiscal 2025 sales outlook was raised, the earnings guidance implies a lower second half of the year.