Market Overview

Morgan Stanley Sees Stiffer-Than-Expected Fall Competition From Nike For Garmin Ltd.

Share:
Related GRMN
Fitbit Ripe For Takeover With Samsung And Apple's Commitment To Wearables
Garmin Increases Position In Wearables Market With Device, Community And Third-Party App Tactics
Garmin's Dividend Still Solid... For Now (Seeking Alpha)

In a report published Friday, Morgan Stanley analyst James E. Faucette reiterated an Underweight rating on Garmin Ltd. (NASDAQ: GRMN), but removed the $53.00 price target.

In the report, Morgan Stanley noted, “Nike [is] likely to stay active in fitness band market a bit longer than expected, which may make the holiday season even more competitive than we had anticipated.”

Garmin Ltd. closed on Thursday at $52.44.

Latest Ratings for GRMN

DateFirmActionFromTo
Feb 2016JP MorganDowngradesNeutralUnderweight
Feb 2016Credit SuisseMaintainsUnderperform
Jan 2016Credit SuisseDowngradesNeutralUnderperform

View More Analyst Ratings for GRMN
View the Latest Analyst Ratings

Posted-In: James E. Faucette Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (GRMN)

View Comments and Join the Discussion!