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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.

TODAY'S FREE FLY STORIES

ALKS

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WTKWY

Wolters Kluwer

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-0.83 (-1.98%)

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HAL

Halliburton

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-0.63 (-1.32%)

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GOGO

Gogo

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  • 04

    May

GLD

SPDR Gold Trust

$122.31

0.35 (0.29%)

, SLV

iShares Silver Trust

$17.02

-0.04 (-0.23%)

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Technical Analysis
Indexes and Sectors breakout above pivot highs and lows »

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GLD

SPDR Gold Trust

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Financial Select Sector

$23.16

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SPDR S&P 500 ETF Trust

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Diamonds Fund ETF

$205.25

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IWM

iShares Trust Russell 2000 Index Fund

$137.21

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XLV

Health Care Select Sector SPDR

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XLE

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XLK

Technology Select Sector SPDR

$53.17

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PGNX

Progenics

$7.75

-0.38 (-4.67%)

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  • 06

    Jun

ADMS

Adamas Pharmaceuticals

$15.57

-0.05 (-0.32%)

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Adamas: ADS-5012 data confirms reduction in levodopa-induced dyskinesia »

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  • 06

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AMZN

Amazon.com

$898.53

-3.53 (-0.39%)

09:07
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Amazon launches self-service marketplace for subscription providers »

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HRS

Harris

$110.27

0.32 (0.29%)

09:06
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Harris awarded 5-year, $875M ceiling multi-award IDIQ contract by USAF »

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  • 03

    May

HEI

Heico

$69.54

0.7 (1.02%)

09:06
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Heico announces 25% increase in credit facility »

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VECO

Veeco

$31.00

0.6 (1.97%)

, UTEK

Ultratech

$30.01

0.13 (0.44%)

09:06
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Veeco, Ultratech analyst commentary  »

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VECO

Veeco

$31.00

0.6 (1.97%)

UTEK

Ultratech

$30.01

0.13 (0.44%)

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  • 04

    May

BBOX

Black Box

$9.95

-0.25 (-2.45%)

, FSTR

L.B. Foster

$13.40

-0.15 (-1.11%)

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Black Box names David Russo as SVP, CFO, Treasurer »

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BBOX

Black Box

$9.95

-0.25 (-2.45%)

FSTR

L.B. Foster

$13.40

-0.15 (-1.11%)

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  • 02

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CDW

CDW

$57.76

-0.42 (-0.72%)

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CDW initiated  »

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  • 03

    May

RILY

B. Riley Financial

$14.75

-0.05 (-0.34%)

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B. Riley Financial acquires rights to manage Dialectic hedge funds »

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PACW

PacWest Bancorp

$48.46

-0.1 (-0.21%)

09:04
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Upgrade
PacWest Bancorp rating change  »

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GOGO

Gogo

$12.34

0.49 (4.14%)

09:04
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Gogo leases all available capacity on SES's AMC-4 satellite »

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  • 04

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FFWM

First Foundation

$15.71

-0.03 (-0.19%)

09:03
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Earnings
First Foundation reports Q1 EPS 18c, consensus 17c »

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GSM

Ferroglobe

$9.56

-0.66 (-6.46%)

09:03
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Ferroglobe provides update on investigation involving Javier Lopez Madrid »

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  • 09

    May

CY

Cypress Semiconductor

$13.99

-0.1 (-0.71%)

09:03
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EVBS

Eastern Virginia Bankshares

$10.78

-0.02 (-0.19%)

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Earnings
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AQMS

Aqua Metals

$15.67

-0.46 (-2.85%)

09:02
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BKFS

Black Knight Financial

$39.90

0.55 (1.40%)

09:01
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Black Knight Financial, Lender Price introduce POS digital user interface »

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  • 03

    May

SSNLF

Samsung

09:00
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Periodicals
Samsung Display may set up 7G OLED factory, DigiTimes says »

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09:00
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General news
Treasury Action: Treasuries were unmoved by the Chicago Fed data »

Treasury Action:…

GRPN

Groupon

$3.88

-0.02 (-0.51%)

08:59
04/24/17
04/24
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08:59
Downgrade
Groupon rating change  »

Groupon downgraded to…

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  • 03

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