Garmin price target raised to $285 from $265 at Tigress Financial

Tigress Financial raised the firm’s price target on Garmin (GRMN) to $285 from $265 and keeps a Strong Buy rating on the shares. Ongoing innovation and new product development, including new halo product categories, will open new markets that will continue to drive revenue and cash flow growth and increasing shareholder value creation, the firm tells investors in research note. Tigress cited advanced design capabilities, rapid product development and production flexibility as keys to Garmin’s “significant competitive advantage.” The firm added that the company is on its Research Focus List and is in its Focus Opportunity Portfolio.