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Stock Market & Financial Investment News

News Breaks
March 27, 2014
10:40 EDTGRMNGarmin continues rally after another upbeat analyst note
Shares of Garmin (GRMN) are climbing after research firm Oppenheimer, in a note to investors earlier today, predicted that the shares could rise further. WHAT'S NEW: Noting that Garmin's stock has climbed recently, Oppenheimer analyst Yair Reiner wrote that the shares have more room to run. Specifically, the stock is likely to rise further this year as the company's new products gain momentum, he contended. Garmin's new fitness and aviation products are likely to do well, he predicted. Given the strength of these new offerings, analysts' estimates for Garmin are likely to increase, predicted Reiner, who views the stock's valuation as attractive. He kept a $65 price target and Outperform rating on the shares. WHAT'S NOTABLE: Citigroup yesterday upgraded its rating on Garmin to Buy from Neutral, citing what it sees as the positive outlook for the company's new fitness activity monitor, vivofit. PRICE ACTION: In mid-morning trading, Garmin surged 5% to $58.10. Earlier the company set a new 52-week high of $58.21.
News For GRMN From The Last 14 Days
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July 6, 2015
10:07 EDTGRMNGarmin says ALJ initially determines no infringement on Navico patents
Garmin International, a subsidiary of Garmin, announced that an Administrative Law Judge at the International Trade Commission issued an initial determination in the investigation brought by Navico Holdings against Garmin. The ALJ’s initial determination concluded that Garmin’s DownVü scanning sonar technology does not infringe upon any patented aspect of Navico’s downscan technology, the company said, adding that the ruling is subject to review by the ITC.
June 26, 2015
07:01 EDTGRMNGarmin introduces Rino 650t two-way radio handheld
Garmin International announced a new model of rugged two-way radio handhelds, the Rino 650t. Boasting a built-in 5-watt FRS/GMRS radio for a communication range of up to 20 miles, the Rino 650t comes preloaded with detailed TOPO U.S. 100K maps and a one-year subscription to BirdsEye Satellite imagery. Like previous Rino models, the new 650t features a 2.6” glove-friendly color display and a full navigational toolset with high-sensitivity GPS, barometric altimeter, 3-axis electronic compass and NOAA weather radio.

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