Why Garmin Stock Just Dropped 6.1%
GRMNGarmin(GRMN) The Motley Fool·2024-09-14 00:06

Is it time to sell the the GPS technology specialist? One bank analyst thinks so.Garmin (GRMN -5.67%) stock tumbled by 6.1% through 11:45 a.m. ET Friday after investment bank Barclays downgraded shares of the GPS guidance specialist from equalweight (i.e., hold) to underweight (i.e., sell), and cut its share price target from its previous 181to181 to 133.With its shares up by 72% over the last 52 weeks, Garmin has outperformed the S&P 500 by a factor of nearly three. According to Barclays, that was too much ou ...