Garmin shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $165 to $150.
Portfolio Pulse from Benzinga Newsdesk
Garmin shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $165 to $150.
May 22, 2024 | 2:49 pm
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Garmin shares are trading lower following a downgrade by B of A Securities from Neutral to Underperform, with a reduced price target from $165 to $150.
The downgrade by a major financial institution like B of A Securities is likely to negatively impact investor sentiment and lead to a short-term decline in Garmin's stock price.
CONFIDENCE 90
IMPORTANCE 80
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