Bank of America Upgraded Garmin (GRMN)

Bank of America analysts upgraded Garmin (NASDAQ: GRMN) from underperform to buy, and raised Garmin's (GRMN) target price from $30 to $45. This upgrade was based on improving trends in auto GPS market. Brian Stutland of Stutland Equities said for CNBC that he likes the stock but he doesn't absolutely love it.

Garmin (GRMN) jumped 0.36% to $36.19 on Friday, and it is worth noting that its highest daily price was $37.84.