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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Underweight
GRMN
down 13.41 %

Garmin Ltd. (GRMN) downgraded to Underweight by JP Morgan

Posted on: Thursday,  Aug 6, 2009  9:25 AM ET by JP Morgan

JP Morgan rated Underweight Garmin Ltd. (NASDAQ: GRMN) on 08/06/2009, when the stock price was $33.04. Since
then, Garmin Ltd. has gained 15.50% as of 01/15/2016's recent price of $38.16.
If you would have followed this JP Morgan's recommendation on GRMN, you would have lost 13.41% of your investment in 2353 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/6/2009 9:25 AM Sell
None
33.04
as of 12/31/2009
1 Week up  0.61 %
1 Month down  -3.04 %
3 Months up  18.41 %
1 YTD up  6.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2008 8:25 AM Hold
None
44.55

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