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Fly News Breaks for February 21, 2019
GRMN
Feb 21, 2019 | 06:35 EDT
As previously reported, Longbow analyst Nikolay Todorov downgraded Garmin to Neutral, saying its upside potential is limited by valuation following a 17% rally in the stock price yesterday. The analyst notes that the company's Q4 results were positive and its 2019 guidance was "robust", but believes that its upper end of historical range valuation captures Garmin's "outdoor, aviation, fitness, and marine business" prospects.
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