Canaccord Genuity Maintains a 'Buy' on Garmin Ltd. (GRMN); Positive Heading Into Q1 Report

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

Analyst, Jeff Rath, said, "We maintain our rating and target ahead of GRMN’s Q1/12 results. 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."

"Though our BUY thesis calls for a return to consolidated revenue and EPS growth driven primarily from non-PND segments, we believe PND results could provide upside in the quarter."

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 $44.15 yesterday.

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