Tigress Financial raised the firm’s price target on Garmin (GRMN) to $310 from $305 and keeps a Strong Buy rating on the shares on the view of wearables and outdoor devices driving outsized expansion, while aviation and marine add high-margin stability. The firm notes that its 12-month price target represents a potential total return of over 55% from current levels, including dividends.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRMN:
- Oracle initiated, Uber upgraded: Wall Street’s top analyst calls
- Garmin upgraded to Buy from Neutral at Longbow
- Garmin G5000H integrated flight deck selected by Brazilian Air Force
- Garmin management to meet virtually with Oppenheimer
- Garmin’s Sell Rating: Concerns Over Outdoor Segment Slowdown and AutoOEM Profitability