JPMorgan raised the firm’s price target on Garmin (GRMN) to $260 from $219 and keeps a Neutral rating on the shares. The company reported another strong earnings beat for Q4 and provided full-year guidance for 2025 that aligns more with the high end of expectations heading into the print, the analyst tells investors in a research note. The firm now embeds a higher earnings multiple for the shares to better capture expectations of upside risk to estimates.
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