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Fly News Breaks for August 16, 2019
GRMN
Aug 16, 2019 | 15:30 EDT
Tigress Financial analyst Ivan Feinseth is keeping his Buy rating on Garmin after the company posted "another quarter of record results" in Q2 and also raised its guidance yet again this year. The analyst notes that Garmin is benefiting from the Federal Aviation Administration ADS-B mandate for air traffic control technology along with a "cadence" of new products that include fitness trainers, smart wearables, Instinct adventure watch, and its Marine ecosystem devices.
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