May 12, 2008

Garmin $75 Price Target

Zacks has a write-up on Garmin and gives the stock a $75 price target. From the article:

"The exponential growth in PND products will continue to pull down corporate margins, and some investors may be concerned about this. We would however, point to the fact that operating profit dollars have increased 248.8% over the last three years. We believe that Garmin deserves a premium to the market, based on its size, brand name, market position and solid financials."

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