Garmin downgraded by BofA Securities with a new price target
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Industrial Machinery/Components
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BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $155.00 → $138.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/13/2024 | $181.00 → $133.00 | Equal Weight → Underweight | Barclays |
| 5/22/2024 | $165.00 → $150.00 | Neutral → Underperform | BofA Securities |
| 1/8/2024 | $135.00 | Overweight → Neutral | JP Morgan |
| 7/5/2023 | $115.00 | Overweight | JP Morgan |
| 4/19/2023 | Sector Weight | KeyBanc Capital Markets | |
| 11/9/2022 | $97.00 | Equal Weight | Barclays |
| 8/2/2022 | $137.00 → $109.00 | Buy → Neutral | BofA Securities |
Morgan Stanley downgraded Garmin from Equal-Weight to Underweight and set a new price target of $138.00 from $155.00 previously
Barclays downgraded Garmin from Equal Weight to Underweight and set a new price target of $133.00 from $181.00 previously
BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously
4 - GARMIN LTD (0001121788) (Issuer)
4 - GARMIN LTD (0001121788) (Issuer)
4 - GARMIN LTD (0001121788) (Issuer)
Rugged nautical watch includes new built-in speaker and mic with chartplotter voice command capabilities, larger AMOLED display and more durable design OLATHE, Kan., June 25, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced quatix® 8 – the ultimate nautical smartwatch purpose-built for life on and off the water. With a new built-in speaker and microphone, it's easier to control the helm2 or answer a phone call3 while staying focused on the water. Available in two sizes – 47mm and 51mm – both models feature a 1.4-inch AMOLED display, scratch-resistant sapphire lens and tough titanium bezel, while new leakproof b
Streamlined communications between air traffic control and the cockpit is now available to the broad retrofit aviation market OLATHE, Kan., June 25, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced the expansion of its FAA Data Comm solution to now include the broad retrofit market with over 25 makes and models added to the FAA Data Comm participation list. Previously available from Garmin on integrated flight decks, FAA Data Comm is now available for GTN 750Xi series navigators through integration with the GDR 66 VHF data link (VDL) Mode 2 transceiver. When paired with Garmin's TXi™ flight displays, additional features are enabled through enhanced push-to-load functionality. This cap
Gradient simulator raises the bar on indoor cycling by replicating climbs and creating a fully immersive riding experience OLATHE, Kan., June 24, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced Tacx® Alpine, a gradient simulator that raises and lowers the front of a bike during an indoor ride to replicate climbs and provide more natural movement. Featuring an exclusive design that accommodates the motion of Tacx NEO 2T and 3M smart trainers, Tacx Alpine builds upon that powerful, immersive ride experience by mimicking grades from up to 25% and down to -10% and enabling steering1 to create a more realistic ride for cyclists as they virtually explore and train indoors.
11-K - GARMIN LTD (0001121788) (Filer)
8-K - GARMIN LTD (0001121788) (Filer)
SD - GARMIN LTD (0001121788) (Filer)
Company announces record date and payment date for June 2025 dividend installment SCHAFFHAUSEN, Switzerland, June 6, 2025 /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $3.60 per share, payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates the scheduling of the remaining quarterly dividend installments as follows: Dividend Paym
SCHAFFHAUSEN, Switzerland, March 26, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its first quarter 2025 earnings conference call on Wednesday, April 30, 2025, at 10:30 a.m. EDT, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on April 30, 2025. What: Garmin Ltd. First Quarter 2025 Earnings Call When: Wednesday, April 30, 2025, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors/events/.
Reports record full-year revenue and profit, and proposes a 20% dividend increase SCHAFFHAUSEN, Switzerland, Feb. 19, 2025 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the fourth quarter ended December 28, 2024. Highlights for fourth quarter 2024 include: Consolidated revenue of $1.82 billion, a 23% increase compared to the prior year quarterGross margin expanded to 59.3% from 58.3% in the prior year quarterOperating margin expanded to 28.3% compared to 23.0% in the prior year quarterOperating income was $516 million, a 52% increase compared to the pri
wellteq has appointed Mr Andrew Hvzid as Head of Growth, North America.Based out of Toronto, Canada, Andrew Hvzid will be instrumental in accelerating wellteq's market share within the Corporate Wellness, Insurance and Health Provider sectors of Canada and North America, as well as leveraging the Company's existing distribution partners WTW (NASDAQ:WTW) and Garmin (NASDAQ:GRMN) in these new territories.Mr Hvzid brings over a decade of executive experience in building strategic partnerships, identifying revenue-generating opportunities and optimising resources to propel growth across the health, fitness and education sectors.Digital health is projected to be a USD 295.4 billion industry by 20