Garmin (GRMN) Shares Falling as MKM Issues Intraday Downgrade

Article Stock Quotes (1) Comments (0)

Shares of Garmin Ltd. (NASDAQ: GRMN) have just tumbled sharply in mid-day action as an analyst at MKM Partners downgraded the stock from Buy to Neutral. The firm also reduced its price target on GRMN shares from $40 to $30.

Garmin shares are now down 1.8% to $31.33. MKM's new price target suggests potential downside of about 4% from where the stock is trading this morning.

For more ratings news on Garmin Ltd. click here and for the rating history of Garmin Ltd. click here.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• UPDATE: Fannie Mae, Freddie Mac Surge as Seriously Delinquent Rate Falls Below 3%
• Highway Holdings (HIHO) Surges, Halted on $400K Per Year Order

Create E-mail Alert Related Categories

Downgrades, Momentum Movers

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?