Canaccord Genuity Maintains a 'Buy' on Garmin Ltd. (GRMN); Looks Like Growth is Returning

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February 6, 2012 8:46 AM EST
Get Alerts GRMN Hot Sheet
Price: $310.20 -0.55%

Rating Summary:
    7 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Buy' on Garmin Ltd. (NASDAQ: GRMN) price target of $47.50.

Analyst, Jeff Rath, said, "We believe that GRMN is within a few quarters of returning to consolidated revenue and EPS growth after three years...Consistent with our recent upgrade, we believe that the quarter could come in better than consensus estimates, driven by moderating Auto/PND declines mixed with continued growth in Aviation, Marine, Outdoor and Fitness segments."

For an analyst ratings summary and ratings history on Garmin Ltd. click here. For more ratings news on Garmin Ltd. click here.

Shares of Garmin Ltd. closed at $44.10 yesterday.

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