Garmin checks indicate strong PND shipments, says Pacific Crest Pacific Crest's checks indicate strong PND shipments for Outperform rated Garmin with moderate replenishment, lowering inventory risk for the March quarter. The firm said new F10 demand is better than expected and continues to recommend shares.
Citi calls Garmin risk/reward unattractive, reiterates Sell Citigroup says that around $46, shares of Garmin are unattractive on a risk/reward basis. In a bear case scenario, Citi believes the stock is worth $32. In a bull case, the firm thinks the shares are worth $52. It reiterates a Sell rating on Garmin with a $42 price target.