Analysts at Credit Suisse initiated coverage on Garmin GRMN with a Neutral rating.
The target price for Garmin is set to $54.
Garmin shares have surged 7.67% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the same period.
Garmin's shares rose 1.45% to close at $52.61 yesterday.
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