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RBC Capital Downgrades Garmin To Underperform, Lowers GRMN's Price Target

By Benzinga Staff
November 05, 2009 8:12 AM
Symbols: GRMN
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RBC Capital has downgraded Garmin (Nasdaq: GRMN) from Sector Perform to Underperform.

RBC Capital does not like the increased competition in the space Garmin competes and believes their is significant execution risk at Garmin.

RBC lowered its prices target on shares of Garmin from $28 to $24.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

 
 
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