Goldman Sachs Removed Garmin (GRMN) from its Conviction Sell List
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Goldman Sachs removed Garmin (Nasdaq: GRMN) from its Conviction Sell List, while maintaining a Sell rating. The firm cited, improving near-term PND unit trends that the smartphone cannibalization story is more likely to unfold in 2010 vs. 4Q2009.
Garmin Ltd. and its subsidiaries design, develop, manufacture, and market global positioning system (GPS)-enabled products and other navigation, communication, and information products worldwide.
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