Morgan Stanley Maintains Equal-Weight on Garmin, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Equal-Weight rating on Garmin (NYSE:GRMN) and lowers the price target from $103 to $100.
November 02, 2023 | 5:13 pm
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Morgan Stanley has maintained an Equal-Weight rating on Garmin and lowered the price target from $103 to $100.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in Garmin's stock price in the short term. Investors may interpret this as a sign of decreased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100