Garmin shares likely to advance further, says Oppenheimer After visiting Garmin's management, Oppenheimer expects the stock to rise further as 2014 progresses and estimates for the company rise as its products gain momentum. The firm increased its price target on the shares to $65 from $58 and keeps 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.