Canaccord Genuity Maintains a 'Buy' on Garmin Ltd. (GRMN); Positive After Tour of Headquarters

Canaccord Genuity maintains a 'Buy' on Garmin Ltd. (NASDAQ: GRMN) price target of $58.00.

Analyst, Jeff Rath, said, "We maintain our rating and price target after yesterday’s facility tour at Garmin headquarters. We continue to believe that GRMN is close to returning to consolidated revenue and EPS growth driven by its non-PND segments, and the almost 4% dividend yield allows us to be early on this call."

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 $47.43 yesterday.

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