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GRMN

Garmin

$48.24

0.13 (0.27%)

07:04
10/04/16
10/04
07:04
10/04/16
07:04

Garmin introduces GPSMAP 276Cx GPS navigator

Garmin International Inc., a unit of Garmin Ltd., announced the GPSMAP 276Cx, an upgraded reinvention of the classic 276C. The 276Cx now features both GPS and GLONASS for better performance in heavy cover, optional external antenna support, HotFix for faster satellite acquisition and wireless connectivity features. There's a larger, sunlight-readable 5-inch display, as well as a barometric altimeter and 3-axis compass, which were not present in the 276C.

  • 26

    Oct

GRMN Garmin
$48.24

0.13 (0.27%)

08/24/16
GSCO
08/24/16
DOWNGRADE
Target $46
GSCO
Sell
Garmin downgraded to Sell from Neutral at Goldman
Goldman analyst Simona Jankowski downgraded Garmin to Sell citing valuation and near peak multiple. The analyst expects the key Fitness/Outdoor segment growth to slow in Q2 to 7% in 2017 from 29% in Q2 2016 resulting in share underperformance. Jankowski sees several negative catalysts over the next few months that include increased competitor product launches, increased competition from new emerging consumer electronics categories, and difficult comps.
08/24/16
08/24/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Garmin (GRMN) downgraded to Sell from Neutral at Goldman with analyst Simona Jankowski citing valuation and near peak multiple. 2. Express (EXPR) downgraded to Hold from Buy at Deutsche Bank. 3. New Media (NEWM) downgraded to Sell from Neutral at Citi with analyst Jason Bazinet saying New Media bulls see $1B of M&A by year end, further synergies, organic revenues stabilizing in the fourth quarter of 2017, and a robust, sustainable dividend. However, Bazinet believes the bear case is more likely with no additional M&A, top-line trends that fall short of stable revenues by Q4 of 2017, and growing investor anxiety about the sustainability of the dividend. 4. Nordson (NDSN) downgraded to Perform from Outperform at Oppenheimer with analyst Christopher Glynn citing valuation. 5. Westfield Financial (WFD) downgraded to Underperform from Neutral at Macquarie citing disappointing first half 2016 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/16
GSCO
08/30/16
NO CHANGE
GSCO
Sell
Garmin's Fitness/Outdoor sales to decelerate, says Goldman
Goldman analyst Simona Jankowski expects Garmin's (GRMN) Fitness/Outdoor sales to decelerate in 2H 2016/2017, leading to share underperformance, following Fitbit's new product launches. The analyst notes increasing direct competition in wearables and share of wallet competition from new consumer categories such as VR headsets, cameras and drones for the holidays, and reiterates his Sell rating on Garmin.
09/08/16
BERN
09/08/16
NO CHANGE
BERN
Impact of Apple Watch likely to be 'limited' in near-term, says Bernstein
After Apple (AAPL) announced changes to its Apple Watch, Bernstein analyst A.M. Sacconaghi, Jr. says that the device's "relatively high price, continued tepid battery life and the absence of unique health monitoring capabilities will likely limit its overall impact near-term." Fitbit (FIT) and Garmin (GRMN) market watches that compete with Apple Watch. The analyst keeps a $125 price target and Outperform rating on Apple.

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GS

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RDS.A

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MS

Morgan Stanley

$46.56

0.41 (0.89%)

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07:53
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Forecasters Club of New York to hold a luncheon meeting »

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USPH

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$76.10

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SOHO

Sotherly Hotels

$7.04

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GKOS

Glaukos

$45.60

-0.02 (-0.04%)

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  • 01

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DBD

Diebold

$29.70

-0.4 (-1.33%)

07:48
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FSLR

First Solar

$36.62

1.78 (5.11%)

07:45
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AET

Aetna

$126.34

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CSCO

Cisco

$34.13

0.39 (1.16%)

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M

Macy's

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NVDA

NVIDIA

$111.07

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EYEG

EyeGate

$3.70

2.0601 (125.62%)

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HCN

Welltower

$66.94

1.02 (1.55%)

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HD

Home Depot

$145.02

2.02 (1.41%)

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AMD

AMD

$14.00

0.87 (6.63%)

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QSR

Restaurant Brands

$57.60

3.7 (6.86%)

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Popeyes

$78.73

12.61 (19.07%)

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QSR

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SBGI

Sinclair Broadcast

$36.90

0.4 (1.10%)

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CHS

Chico's

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ESPR

Esperion

$24.42

-0.58 (-2.32%)

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