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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Market Perform
GRMN
up 27.97 %

Garmin Ltd. (GRMN) downgraded to Market Perform by Wells Fargo

Posted on: Thursday,  Feb 20, 2014  8:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform Garmin Ltd. (NASDAQ: GRMN) on 02/20/2014. Previously Wells Fargo rated Outperform Garmin Ltd. (NASDAQ: GRMN) on
08/31/2012., when the stock price was $40.29. Since then, Garmin Ltd. has gained 27.97% as of 02/20/2014's recent price of $51.56.
If you would have followed the previous Wells Fargo's recommendation on GRMN, you would have gained 27.97% of your investment in 538 days.

Garmin International is designs, manufactures, and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM, and general recreation. Specifically, the company aims to enrich the lives of customers, suppliers, distributors, and employees by providing the very best products that offer superior quality, safety, and operational features at affordable prices.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2014 8:25 AM Hold
None
51.56
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD up  11.62 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/31/2012 8:25 AM Buy
None
40.29

(*) Stock Price at the time of the recommendation.
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