Analysts at Goldman Sachs downgraded Garmin Ltd. GRMN from Buy to Neutral.
The price target for Garmin has been lowered from $63.00 to $54.00.
Garmin shares have dropped 17.93% over the past 52 weeks, while the S&P 500 index has surged 9.05% in the same period.
Garmin's shares declined 0.95% to close at $47.07 yesterday.
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