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Garmin Ltd. (GRMN) [hlAlert]

Rating:
Hold GRMN
down 58.68 %

Garmin Ltd. (GRMN) upgraded to Hold with price target $33 by Deutsche Securities

Posted on: Wednesday,  Sep 16, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Hold Garmin Ltd. (NASDAQ: GRMN) on 09/16/2009. Previously Deutsche Securities rated Sell Garmin Ltd. (NASDAQ: GRMN) on 12/01/2008.,
when the stock price was $15.50. Since then, Garmin Ltd. has gained 142.06% as of 09/16/2009's recent price of $37.52.
If you would have followed the previous Deutsche Securities's recommendation on GRMN, you would have lost 58.68% of your investment in 289 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2009 8:25 AM Hold
None
37.52 33.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -95.72 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/1/2008 12:25 PM Sell
None
15.50 14.00
7/31/2008 1:25 PM Hold
None
35.57 30.00
5/1/2008 2:25 PM Hold
None
42.20 40.00
2/21/2008 12:25 PM Hold
None
62.76 75.00
1/9/2008 8:25 AM Hold
None
72.67 90.00

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