Barclays Downgrades Garmin to Underweight, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang has downgraded Garmin (NYSE:GRMN) from Equal-Weight to Underweight and reduced the price target from $181 to $133.
September 13, 2024 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has downgraded Garmin to Underweight and lowered its price target to $133, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by Barclays suggests a negative outlook on Garmin's stock. The significant reduction in the price target from $181 to $133 further indicates a bearish sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100