Garmin valuation still compelling, says Pacific Crest Pacific Crest thinks that Garmin's free cash flow and earnings are stable. The firm predicts that the company may increase its dividend, and it maintains an Outperform rating on the 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.