Morgan Stanley Maintains Equal-Weight on Garmin, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Equal-Weight rating on Garmin (NYSE:GRMN) and lowered the price target from $104 to $103.
August 04, 2023 | 1:39 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Garmin and lowered the price target from $104 to $103.
The news is directly related to Garmin and is likely to influence investor sentiment. The lowering of the price target may suggest a slightly less optimistic outlook, but the maintenance of the Equal-Weight rating indicates that the analyst still sees the stock as fairly valued.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100