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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Neutral GRMN
up 75.73 %

Garmin Ltd. (GRMN) upgraded to Neutral by Davenport

Posted on: Tuesday,  Mar 4, 2008  1:25 PM ET by Davenport

Davenport rated Neutral Garmin Ltd. (NASDAQ: GRMN) on 03/04/2008. Previously Davenport rated Sell Garmin Ltd. (NASDAQ: GRMN) on 11/02/2007., when
the stock price was $100.47. Since then, Garmin Ltd. has lost 43.10% as of 03/04/2008's recent price of $57.17.
If you would have followed the previous Davenport's recommendation on GRMN, you would have gained 75.73% of your investment in 123 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2008 1:25 PM Hold
None
57.17
as of 12/24/2008
1 Week up  7.54 %
1 Month up  10.40 %
3 Months up  33.59 %
1 YTD up  23.42 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2007 9:25 AM Sell
None
100.47

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