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Fly News Breaks for July 16, 2015
GRMN
Jul 16, 2015 | 07:37 EDT
Citi lowered its price target for Garmin shares to $35 and reiterates a Sell rating on the name after the company negatively preannounced Q2 results. Citi attributes the miss to weak Fitness sales and operating margin, and thinks its bear thesis on shares is now more likely.
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