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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Hold GRMN

Garmin Ltd. (GRMN) rated Hold with price target $16 by Canaccord Adams

Posted on: Tuesday,  Feb 24, 2009  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Hold Garmin Ltd. (NASDAQ: GRMN) on 02/24/2009. Previously Canaccord Adams rated Buy Garmin Ltd. (NASDAQ: GRMN) on 05/01/2008.,
when the stock price was $42.51. Since then, Garmin Ltd. has lost 23.31% as of 10/01/2008's recent price of $32.60.
If you would have followed the previous Canaccord Adams's recommendation on GRMN, you would have lost 23.31% of your investment in 153 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2009 11:25 AM Hold
None
16.81 16.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2008 11:25 AM Hold
None
32.60 30.00
5/1/2008 11:25 AM Buy
None
42.51 67.00

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