Market Overview

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

Share:
Related GRMN
10 Notable Stocks Trading Ex-Dividend Tuesday, September 13
Garmin Sells Off After Apple Launches 'Swim Proof' Apple Watch Series 2
Garmin Is Gaining Favor After a Turbulent Period (GuruFocus)

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
Aug 2016Morgan StanleyMaintainsEqual-weight
Aug 2016Goldman SachsDowngradesNeutralSell
Aug 2016Raymond JamesDowngradesOutperformMarket Perform

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!