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Fly News Breaks for December 12, 2017
GRMN
Dec 12, 2017 | 08:52 EDT
Credit Suisse analyst Robert Spingarn raised his price target for Garmin to $58 from $48, but reiterated an Underperform rating on the shares. The analyst says that while the company had a good showing over the quarter, he is skeptical that many of the growth drivers will be sustainable over the long-term.
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