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Fly News Breaks for March 16, 2015
GRMN
Mar 16, 2015 | 07:28 EDT
As noted earlier, Oppenheimer downgraded Garmin to Perform from Outperform. The firm downgraded the stock based on what it sees as limited near-term catalysts, expected negative investor sentiment due to foreign exchange issues in the near-term, and tougher competition in the wearables market.
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