Barclays Maintains Underweight on Garmin, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang maintains an Underweight rating on Garmin (NYSE:GRMN) but raises the price target from $133 to $158.
November 01, 2024 | 2:04 pm
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Barclays analyst George Wang maintains an Underweight rating on Garmin but raises the price target from $133 to $158, indicating a more positive outlook despite the Underweight rating.
The Underweight rating suggests a cautious stance on Garmin's stock, but the increased price target indicates a more optimistic view on its potential value. This mixed signal may lead to neutral short-term price movement as investors digest the implications.
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