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home / news releases / GRMN - Garmin's 'unsustainable' valuation prompts downgrade at BofA Securities

GRMN - Garmin's 'unsustainable' valuation prompts downgrade at BofA Securities

Garmin Ltd. (Switzerland)

2024-05-22 10:52:46 ET

After an “exceptional” 32% YTD run in the stock price, BofA Securities thinks it’s time to “cool off” towards Garmin ( NYSE: GRMN ) and has downgraded its rating on the stock to Underperform from Neutral and lowered its price target to $150, a 10% downside to Tuesday’s closing price....

For further details see:

Garmin's 'unsustainable' valuation prompts downgrade at BofA Securities
Stock Information
Company Name: Garmin Ltd. (Switzerland)
Stock Symbol: GRMN
Market: NASDAQ
Website: garmin.com
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