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GRMN

Garmin

$97.12

-0.16 (-0.16%)

09:31
01/16/20
01/16
09:31
01/16/20
09:31

Cleveland Research says near-term feedback encouraging on Garmin's Q4

Cleveland Research analyst Ben Bollin said near-term feedback he has received on Garmin has been encouraging on the company's Q4 performance and that demand at the start of 2020 has been characterized as "positive" in his checks. The analyst, who continues to view consensus Q4 estimates as beatable, sees a fair value of $107 for Garmin shares and keeps a Neutral rating on the stock.

  • 19

    Feb

GRMN Garmin
$97.12

-0.16 (-0.16%)

06/07/19
JPMS
06/07/19
UPGRADE
Target $75
JPMS
Neutral
Garmin resumed with a Neutral from Underweight at JPMorgan
JPMorgan analyst Paul Chung upgraded Garmin to Neutral from Underweight after assuming lead coverage of the name. The analyst lowered his price target for the shares to $75 from $77. The stock is down ~12% since hitting a multi-year high in early April, which creates a more balanced risk/reward profile, Chung tells investors in a research note. Further, he believes the stock is a "relatively safer play" given Garmin's diversified product lineup against a backdrop of increasing market volatility and declining yields.
06/07/19
06/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exelon (EXC) upgraded to Buy from Neutral at Goldman Sachs with analyst Michael Lapides saying the stock is one of his "top utility ideas." 2. Helix Energy (HLX) upgraded to Strong Buy from Outperform at Raymond James with analyst Marshall Adkins saying he calls the company a "defensive" cash flow generator and sees an improved valuation at current share levels. 3. Helmerich & Payne (HP) upgraded to Overweight from Neutral at Piper Jaffray with analyst John Watson saying "If and when generalist interest" in oilfield services returns, Helmerich & Payne will be on the short-list for many investors because of the company's "fortress" balance sheet, history of returning capital to shareholders, and "generous" current dividend yield. 4. Garmin (GRMN) resumed with a Neutral from Underweight at JPMorgan with analyst Paul Chung saying the stock is down ~12% since hitting a multi-year high in early April, which creates a more balanced risk/reward profile. 5. W.P. Carey (WPC) upgraded to Neutral from Sell at Citi with analyst Emmanuel Korchman saying he had been concerned about retail shareholder churn following the CPA-17 merger, but he now says the magnitude was less than anticipated and no longer a significant overhang. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/19
TIGR
08/16/19
NO CHANGE
TIGR
Buy
Aviation, auto technology drive record Garmin quarter, says Tigress Financial
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.
01/08/20
RILY
01/08/20
NO CHANGE
Target $6.25
RILY
Buy
TeleNav impact from Garmin, Ford tie-up likely muted, says B. Riley FBR
Telenav (TNAV) shares dropped over 16% yesterday after news broke that Garmin (GRMN) entered into a collaboration agreement to integrate its navigation technology into Ford's (F) Mustang Mach-E, B. Riley FBR analyst Josh Nichols tells investors in a research note. Garmin will be integrating its electric vehicle-specific navigation features into the electric Mustang, which is launching in late 2020 and is Ford's first long-range electric car. As a reminder, Ford accounted for $35M or 54% of TeleNav's September quarter revenue, Buck points out. However, while Ford's collaboration with a competing navigation provider is "clearly negative" for TeleNav and represents a "potential chink in the armor," the venture appears to only pertain to the Mach-E, and the near-term financial impact is likely to be muted, contends the analyst. Buck also highlights that TeleNav CEO H.P. Jin bought 150,000 shares of stock in November at $4.89 per share, which is above the current share price. He keeps a Buy rating on the name with a $6.25 price target.

TODAY'S FREE FLY STORIES

SJM

J.M. Smucker

$107.00

-0.77 (-0.71%)

18:39
01/22/20
01/22
18:39
01/22/20
18:39
Initiation
J.M. Smucker initiated  »

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  • 17

    Feb

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    Feb

MYGN

Myriad Genetics

$28.71

0.34 (1.20%)

18:37
01/22/20
01/22
18:37
01/22/20
18:37
Hot Stocks
Myriad Genetics submits sPMA application to FDA for myChoice CDx test »

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  • 13

    Feb

HSY

Hershey

$152.45

-0.355 (-0.23%)

18:36
01/22/20
01/22
18:36
01/22/20
18:36
Initiation
Hershey initiated  »

Hershey initiated with a…

03/08/13
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  • 30

    Jan

DCPH

Deciphera

$66.79

0.2 (0.30%)

18:32
01/22/20
01/22
18:32
01/22/20
18:32
Recommendations
Deciphera analyst commentary  »

Piper Sandler says…

03/08/13
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03/08/13
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BGS

B&G Foods

$16.25

0.195 (1.21%)

18:28
01/22/20
01/22
18:28
01/22/20
18:28
Initiation
B&G Foods initiated  »

B&G Foods initiated…

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03/08/13
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03/06/13
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03/06/13
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CVGW

Calavo Growers

$80.49

0.23 (0.29%)

18:25
01/22/20
01/22
18:25
01/22/20
18:25
Initiation
Calavo Growers initiated  »

Calavo Growers initiated…

03/08/13
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03/08/13
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03/06/13
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LW

Lamb Weston

$91.19

0.01 (0.01%)

18:21
01/22/20
01/22
18:21
01/22/20
18:21
Initiation
Lamb Weston initiated  »

Lamb Weston assumed with…

03/08/13
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03/08/13
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  • 29

    Jan

FLO

Flowers Foods

$21.75

-0.27 (-1.23%)

18:18
01/22/20
01/22
18:18
01/22/20
18:18
Initiation
Flowers Foods initiated  »

Flowers Foods initiated…

03/08/13
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03/08/13
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03/06/13
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K

Kellogg

$70.25

-0.32 (-0.45%)

18:15
01/22/20
01/22
18:15
01/22/20
18:15
Initiation
Kellogg initiated  »

Kellogg initiated with a…

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03/08/13
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03/06/13
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  • 06

    Feb

  • 17

    Feb

GIS

General Mills

$53.97

-0.37 (-0.68%)

, WMT

Walmart

$116.10

0.53 (0.46%)

18:12
01/22/20
01/22
18:12
01/22/20
18:12
Initiation
General Mills, Walmart, Kellogg initiated  »

General Mills initiated…

GIS

General Mills

$53.97

-0.37 (-0.68%)

WMT

Walmart

$116.10

0.53 (0.46%)

K

Kellogg

$70.25

-0.32 (-0.45%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 06

    Feb

  • 17

    Feb

  • 18

    Feb

JJSF

J & J Snack Foods

$183.94

-0.28 (-0.15%)

18:07
01/22/20
01/22
18:07
01/22/20
18:07
Initiation
J & J Snack Foods initiated  »

J & J Snack Foods…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jan

  • 11

    Feb

THS

TreeHouse

$46.83

-0.085 (-0.18%)

18:04
01/22/20
01/22
18:04
01/22/20
18:04
Initiation
TreeHouse initiated  »

TreeHouse assumed with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Feb

  • 17

    Feb

HBM

Hudbay Minerals

$3.41

-0.12 (-3.40%)

18:03
01/22/20
01/22
18:03
01/22/20
18:03
Upgrade
Hudbay Minerals rating change  »

Hudbay Minerals upgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 22

    Jan

TRQ

Turquoise Hill

$0.68

-0.0221 (-3.15%)

18:02
01/22/20
01/22
18:02
01/22/20
18:02
Upgrade
Turquoise Hill rating change  »

Turquoise Hill upgraded…

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03/08/13
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  • 22

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:02
01/22/20
01/22
18:02
01/22/20
18:02
Earnings
Steel Dynamics CEO says company 'constructive' regarding NA steel market »

"Based on domestic…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:01
01/22/20
01/22
18:01
01/22/20
18:01
Earnings
Steel Dynamics reports Q4 adjusted EPS 62c, consensus 55c »

Reports Q4 revenue $2.4B,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

SQ

Square

$68.74

0.42 (0.61%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

17:59
01/22/20
01/22
17:59
01/22/20
17:59
Hot Stocks
Square introduces Lightning Development Kit tools for Bitcoin wallet developers »

The Square Crypto team…

SQ

Square

$68.74

0.42 (0.61%)

BITCOIN

Bitcoin

$0.00

(0.00%)

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 26

    Feb

NVCR

Novocure

$94.80

-0.83 (-0.87%)

17:59
01/22/20
01/22
17:59
01/22/20
17:59
Hot Stocks
NovoCure chairman sells 133,777 ordinary shares »

In a regulatory filing,…

03/08/13
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  • 27

    Feb

KHC

Kraft Heinz

$30.65

-0.37 (-1.19%)

17:52
01/22/20
01/22
17:52
01/22/20
17:52
Initiation
Kraft Heinz initiated  »

Kraft Heinz initiated…

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SQ

Square

$68.74

0.42 (0.61%)

17:50
01/22/20
01/22
17:50
01/22/20
17:50
Periodicals
Square wins U.S patent for crypto-to-fiat payments network, Coindesk says »

Paddy Baker of Coindesk,…

03/08/13
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03/08/13
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03/06/13
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  • 26

    Feb

QCRH

QCR Holdings

$41.92

0.13 (0.31%)

17:50
01/22/20
01/22
17:50
01/22/20
17:50
Hot Stocks
Breaking Hot Stocks news story on QCR Holdings »

QCR Holdings higher by…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

CPB

Campbell Soup

$48.56

-0.01 (-0.02%)

17:48
01/22/20
01/22
17:48
01/22/20
17:48
Initiation
Campbell Soup initiated  »

Campbell Soup initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CAG

Conagra Brands

$32.29

-0.475 (-1.45%)

17:45
01/22/20
01/22
17:45
01/22/20
17:45
Initiation
Conagra Brands initiated  »

Conagra Brands initiated…

03/08/13
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03/08/13
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  • 17

    Feb

AMZN

Amazon.com

$1,887.32

-4.96 (-0.26%)

17:43
01/22/20
01/22
17:43
01/22/20
17:43
Periodicals
U.N. experts demand investigation into alleged Bezos hack, Reuters says »

U.N. special rapporteurs…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Jan

  • 30

    Jan

  • 10

    Feb

BYND

Beyond Meat

$122.48

-6.76 (-5.23%)

17:43
01/22/20
01/22
17:43
01/22/20
17:43
Initiation
Beyond Meat initiated  »

Beyond Meat assumed with…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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