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Fly News Breaks for February 18, 2016
GRMN
Feb 18, 2016 | 05:48 EDT
JPMorgan analyst Paul Coster downgraded Garmin to Underweight saying yesterday's 17% rally in shares is an overreaction. Garmin posted a "solid beat against low expectations" and its 2016 outlook calls for "flattish" year-over-year sales, Coster tells investors in a research note. He raised his price target for the shares to $36 from $33.
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