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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Mkt Perform
GRMN
down 34.49 %

Garmin Ltd. (GRMN) downgraded to Mkt Perform by JMP Securities

Posted on: Thursday,  May 1, 2008  10:25 AM ET by JMP Securities

JMP Securities rated Mkt Perform Garmin Ltd. (NASDAQ: GRMN) on 05/01/2008. Previously JMP Securities rated Mkt Outperform Garmin Ltd. (NASDAQ: GRMN) on
02/21/2008., when the stock price was $63.09. Since then, Garmin Ltd. has lost 34.49% as of 05/01/2008's recent price of $41.33.
If you would have followed the previous JMP Securities's recommendation on GRMN, you would have lost 34.49% of your investment in 70 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.

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2008 10:25 AM Hold
None
41.33
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
2/21/2008 10:25 AM Buy
None
63.09 117.00
11/1/2007 11:25 AM Buy
None
100.49 140.00
8/2/2007 11:25 AM Buy
None
97.05 100.00

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