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GRMN

Garmin

$48.24

0.13 (0.27%)

07:04
10/04/16
10/04
07:04
10/04/16
07:04

Garmin introduces GPSMAP 276Cx GPS navigator

Garmin International Inc., a unit of Garmin Ltd., announced the GPSMAP 276Cx, an upgraded reinvention of the classic 276C. The 276Cx now features both GPS and GLONASS for better performance in heavy cover, optional external antenna support, HotFix for faster satellite acquisition and wireless connectivity features. There's a larger, sunlight-readable 5-inch display, as well as a barometric altimeter and 3-axis compass, which were not present in the 276C.

  • 26

    Oct

GRMN Garmin
$48.24

0.13 (0.27%)

08/24/16
GSCO
08/24/16
DOWNGRADE
Target $46
GSCO
Sell
Garmin downgraded to Sell from Neutral at Goldman
Goldman analyst Simona Jankowski downgraded Garmin to Sell citing valuation and near peak multiple. The analyst expects the key Fitness/Outdoor segment growth to slow in Q2 to 7% in 2017 from 29% in Q2 2016 resulting in share underperformance. Jankowski sees several negative catalysts over the next few months that include increased competitor product launches, increased competition from new emerging consumer electronics categories, and difficult comps.
08/24/16
08/24/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Garmin (GRMN) downgraded to Sell from Neutral at Goldman with analyst Simona Jankowski citing valuation and near peak multiple. 2. Express (EXPR) downgraded to Hold from Buy at Deutsche Bank. 3. New Media (NEWM) downgraded to Sell from Neutral at Citi with analyst Jason Bazinet saying New Media bulls see $1B of M&A by year end, further synergies, organic revenues stabilizing in the fourth quarter of 2017, and a robust, sustainable dividend. However, Bazinet believes the bear case is more likely with no additional M&A, top-line trends that fall short of stable revenues by Q4 of 2017, and growing investor anxiety about the sustainability of the dividend. 4. Nordson (NDSN) downgraded to Perform from Outperform at Oppenheimer with analyst Christopher Glynn citing valuation. 5. Westfield Financial (WFD) downgraded to Underperform from Neutral at Macquarie citing disappointing first half 2016 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/16
GSCO
08/30/16
NO CHANGE
GSCO
Sell
Garmin's Fitness/Outdoor sales to decelerate, says Goldman
Goldman analyst Simona Jankowski expects Garmin's (GRMN) Fitness/Outdoor sales to decelerate in 2H 2016/2017, leading to share underperformance, following Fitbit's new product launches. The analyst notes increasing direct competition in wearables and share of wallet competition from new consumer categories such as VR headsets, cameras and drones for the holidays, and reiterates his Sell rating on Garmin.
09/08/16
BERN
09/08/16
NO CHANGE
BERN
Impact of Apple Watch likely to be 'limited' in near-term, says Bernstein
After Apple (AAPL) announced changes to its Apple Watch, Bernstein analyst A.M. Sacconaghi, Jr. says that the device's "relatively high price, continued tepid battery life and the absence of unique health monitoring capabilities will likely limit its overall impact near-term." Fitbit (FIT) and Garmin (GRMN) market watches that compete with Apple Watch. The analyst keeps a $125 price target and Outperform rating on Apple.

TODAY'S FREE FLY STORIES

ADNT

Adient

$71.94

-2.21 (-2.98%)

07:23
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Downgrade
Adient rating change  »

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  • 29

    Jan

TXN

Texas Instruments

$116.83

0.42 (0.36%)

07:23
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Texas Instruments analyst commentary  »

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  • 23

    Jan

BRK.A

Berkshire Hathaway

$320,238.00

238 (0.07%)

, BRK.B

Berkshire Hathaway

$213.25

0.06 (0.03%)

07:22
01/22/18
01/22
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07:22
Periodicals
Potential Buffett successor Abel reports small Berkshire stake, Reuters says »

Greg Abel, expected to be…

BRK.A

Berkshire Hathaway

$320,238.00

238 (0.07%)

BRK.B

Berkshire Hathaway

$213.25

0.06 (0.03%)

03/08/13
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OXY

Occidental Petroleum

$75.55

0.16 (0.21%)

, HES

Hess Corp.

$52.61

-1.23 (-2.28%)

07:14
01/22/18
01/22
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07:14
Upgrade
Occidental Petroleum, Hess Corp. rating change  »

Occidental Petroleum…

OXY

Occidental Petroleum

$75.55

0.16 (0.21%)

HES

Hess Corp.

$52.61

-1.23 (-2.28%)

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  • 05

    Feb

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    Feb

07:13
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General news
Futures lower as government shutdown enters day three »

Stock futures are…

AIG

AIG

$61.55

0.02 (0.03%)

07:12
01/22/18
01/22
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07:12
Hot Stocks
Breaking Hot Stocks news story on AIG 

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  • 09

    Feb

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    Feb

VR

Validus

$46.72

0.81 (1.76%)

07:12
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01/22
07:12
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07:12
Hot Stocks
Breaking Hot Stocks news story on Validus 

Validus trading resumes

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  • 02

    Feb

REXR

Rexford Industrial

$28.79

0.47 (1.66%)

07:11
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01/22
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Hot Stocks
Rexford Industrial acquires industrial property for $11.4M, sells one for $11.4M »

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ALK

Alaska Air

$68.88

-0.91 (-1.30%)

, BA

Boeing

$337.73

-2.43 (-0.71%)

07:11
01/22/18
01/22
07:11
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07:11
Hot Stocks
Alaska Air names Ray Conner to board »

Alaska Air Group (ALK),…

ALK

Alaska Air

$68.88

-0.91 (-1.30%)

BA

Boeing

$337.73

-2.43 (-0.71%)

03/08/13
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  • 25

    Jan

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    Jan

  • 21

    Feb

PCG

PG&E

$44.39

-0.11 (-0.25%)

07:10
01/22/18
01/22
07:10
01/22/18
07:10
Recommendations
PG&E analyst commentary  »

PG&E price target…

03/08/13
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03/08/13
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  • 09

    Feb

ENB

Enbridge

$39.39

-0.33 (-0.83%)

, SEP

Spectra Energy Partners

07:10
01/22/18
01/22
07:10
01/22/18
07:10
Hot Stocks
Enbridge, Spectra Energy Partners complete elimination of IDRs »

Enbridge (ENB) and…

ENB

Enbridge

$39.39

-0.33 (-0.83%)

SEP

Spectra Energy Partners

03/08/13
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03/06/13
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  • 22

    Jan

OMER

Omeros

$16.70

-0.02 (-0.12%)

07:10
01/22/18
01/22
07:10
01/22/18
07:10
Hot Stocks
Omeros receives positive opinion for OMS721 from EMA »

Omeros Corporation…

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EIX

Edison International

$62.12

0.2 (0.32%)

07:10
01/22/18
01/22
07:10
01/22/18
07:10
Recommendations
Edison International analyst commentary  »

Edison International…

03/08/13
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TWOU

2U

$72.38

1.49 (2.10%)

07:09
01/22/18
01/22
07:09
01/22/18
07:09
Hot Stocks
2U and WeWork partner in online graduate program expansion »

2U and WeWork Companies…

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NQ

NQ Mobile

$3.82

-0.07 (-1.80%)

07:07
01/22/18
01/22
07:07
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07:07
Hot Stocks
NQ Mobile proposes to rebrand, change name to "Link Motion Inc." »

NQ Mobile announced that…

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BLUE

bluebird bio

$175.95

-6.15 (-3.38%)

07:07
01/22/18
01/22
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07:07
Technical Analysis
Technical Take: bluebird bio moves higher »

The stock was last up…

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  • 26

    Feb

OPB

Opus Bank

$28.70

0.05 (0.17%)

07:07
01/22/18
01/22
07:07
01/22/18
07:07
Earnings
Opus Bank reports Q4 EPS including items 3c, consensus 38c »

Reports net income of…

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  • 22

    Jan

CQH

Cheniere Energy Partners LP

$28.22

0.22 (0.79%)

, CQP

Cheniere Energy Partners

$30.48

0.2 (0.66%)

07:06
01/22/18
01/22
07:06
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07:06
Conference/Events
Morgan Stanley to hold a tour »

Annual Morgan Stanley…

CQH

Cheniere Energy Partners LP

$28.22

0.22 (0.79%)

CQP

Cheniere Energy Partners

$30.48

0.2 (0.66%)

ENLC

EnLink Midstream

$18.75

0.25 (1.35%)

ENLK

EnLink Midstream Partners

$17.45

0.37 (2.17%)

EPD

Enterprise Products

$28.66

0.36 (1.27%)

NBLX

Noble Midstream

$55.10

-0.48 (-0.86%)

PAA

Plains All American

$22.49

-0.09 (-0.40%)

SHLX

Shell Midstream

$30.13

-0.03 (-0.10%)

TRGP

Targa Resources

$50.73

0.04 (0.08%)

WES

Western Gas Partners

$52.31

0.34 (0.65%)

WGP

Western Gas Equity

$40.42

0.5 (1.25%)

03/08/13
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  • 22

    Jan

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    Jan

  • 23

    Jan

  • 07

    Feb

  • 16

    Feb

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    Feb

REGN

Regeneron

$371.53

0.25 (0.07%)

, SNY

Sanofi

$44.60

0.09 (0.20%)

07:06
01/22/18
01/22
07:06
01/22/18
07:06
Hot Stocks
Regeneron reports approval of Dupixent in Japan for atopic dermatitis »

Regeneron (REGN)…

REGN

Regeneron

$371.53

0.25 (0.07%)

SNY

Sanofi

$44.60

0.09 (0.20%)

03/08/13
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03/08/13
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03/06/13
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  • 16

    Feb

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    Mar

  • 25

    Mar

  • 02

    May

SLB

Schlumberger

$76.42

0.05 (0.07%)

07:06
01/22/18
01/22
07:06
01/22/18
07:06
Recommendations
Schlumberger analyst commentary  »

Schlumberger price target…

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TTNP

Titan Pharmaceuticals

$1.28

0.025 (2.00%)

, BBRX

Braeburn Pharmaceuticals

07:06
01/22/18
01/22
07:06
01/22/18
07:06
Hot Stocks
Titan Pharmaceuticals discussing U.S. Probuphine commercialization with Braeburn »

Titan Pharmaceuticals…

TTNP

Titan Pharmaceuticals

$1.28

0.025 (2.00%)

BBRX

Braeburn Pharmaceuticals

03/08/13
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CC

Chemours

$54.02

2.42 (4.69%)

, MMM

3M

$248.18

2.27 (0.92%)

07:05
01/22/18
01/22
07:05
01/22/18
07:05
Conference/Events
ASHRAE and AHRI to co-host an expo »

The American Society of…

CC

Chemours

$54.02

2.42 (4.69%)

MMM

3M

$248.18

2.27 (0.92%)

ABB

ABB

$28.01

0.03 (0.11%)

03/08/13
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  • 22

    Jan

  • 25

    Jan

  • 15

    Feb

07:05
01/22/18
01/22
07:05
01/22/18
07:05
General news
Oil Action: WTI benchmark futures are fractionally lower »

Oil Action: WTI benchmark…

ACBFF

Aurora Cannabis

$10.77

0.302 (2.89%)

07:05
01/22/18
01/22
07:05
01/22/18
07:05
Hot Stocks
CanniMed announces continuation of discussions with Aurora Cannabis »

CanniMed Therapeutics…

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ATNX

Athenex

$17.33

0.12 (0.70%)

07:04
01/22/18
01/22
07:04
01/22/18
07:04
Hot Stocks
Athenex announces results of first cohort of Phase 1b clinical trial of Oraxol »

Athenex announced the…

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