D.A. Davidson Downgrades Garmin Ltd. (GRMN) to Neutral
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D.A. Davidson downgrades Garmin Ltd. (Nasdaq: GRMN) from Buy to Neutral with a $40 price target.
NOTE: Shares of Garmin are down 20% today to $35.80 following disappointing earnings/guidance and a delay of their Nuvifone.
Garmin, Ltd. and its subsidiaries design, develop, manufacture, and market global positioning system (GPS)-enabled products and other related navigation, communications, and information products worldwide.
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