http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Fri, 13 Sep 2024 03:10:07 -0500 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Downgrades/Barclays+Downgrades+Garmin+Ltd.+%28GMRN%29+to+Underweight/23719438.html <p>Barclays analyst George Wang downgraded Garmin Ltd. (: GMRN) from Equalweight to Underweight with a price target of $133.00 (from $181.00).</p><p>The analyst comments: "GRMN shares have climbed ~40% YTD (Nasdaq: +14%) supported by multiple drivers including strong execution, robust cash generation and impressive earnings results over the most recent quarters, which speaks volumes to GRMN's diversification and product innovation. Indeed, the sharpness of the move is particularly notable given a continued soft consumer hardware spending environment, and negative mix shift pressuring forward gross margins, as well as premium valuation vs. historical averages. However, we have started to see momentum slowing http://www.streetinsider.com/Downgrades/Barclays+Downgrades+Garmin+Ltd.+%28GMRN%29+to+Underweight/23719438.html Fri, 13 Sep 2024 03:10:07 -0500 GMRN http://www.streetinsider.com/Analyst+Comments/Barclays+Downgrades+Garmin+Ltd.+%28GMRN%29+to+Underweight/23719438.html <p>Barclays analyst George Wang downgraded Garmin Ltd. (: GMRN) from Equalweight to Underweight with a price target of $133.00 (from $181.00).</p><p>The analyst comments: "GRMN shares have climbed ~40% YTD (Nasdaq: +14%) supported by multiple drivers including strong execution, robust cash generation and impressive earnings results over the most recent quarters, which speaks volumes to GRMN's diversification and product innovation. Indeed, the sharpness of the move is particularly notable given a continued soft consumer hardware spending environment, and negative mix shift pressuring forward gross margins, as well as premium valuation vs. historical averages. However, we have started to see momentum slowing http://www.streetinsider.com/Analyst+Comments/Barclays+Downgrades+Garmin+Ltd.+%28GMRN%29+to+Underweight/23719438.html Fri, 13 Sep 2024 03:10:07 -0500 GMRN