Goldman Sachs is out with its report today on Garmin GRMN, lowering its PT from $35 to $30.
In a note to clients, Goldman Sachs writes, "We are lowering our 12-month price target to $30 from $35, based on an unchanged multiple of 14X our CY2012 GAAP EPS estimate of $2.17."
Goldman Sachs maintains Neutral on GRMN.
At the time of posting, shares of GRMN were trading pre-market at $31.35, down 2.70% from Monday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsConsumer DiscretionaryConsumer ElectronicsGarminGoldman Sachs
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