Garmin price target raised to $208 from $167 at Barclays

Barclays raised the firm’s price target on Garmin (GRMN) to $208 from $167 and keeps an Underweight rating on the shares following the Q3 beat. The company’s Fitness, Aviation and Marine segments continued to surprise to the upside while Outdoor disappointed, the analyst tells investors in a research note. Barclays believes Garmin’s visibility remains challenging across the Fitness and Outdoor verticals.