B of A Securities Downgrades Garmin to Underperform, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Garmin (NYSE:GRMN) from Neutral to Underperform and lowered its price target from $165 to $150.
May 22, 2024 | 10:10 am
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B of A Securities has downgraded Garmin from Neutral to Underperform and reduced the price target from $165 to $150, indicating a bearish outlook.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities is likely to negatively impact investor sentiment and the stock price in the short term. The lowered price target further reinforces the bearish outlook.
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