Garmin price target raised to $265 from $215 at Tigress Financial

Tigress Financial raised the firm’s price target on Garmin (GRMN) to $265 from $215 and keeps a Strong Buy rating on the shares. The firm said that ongoing innovation, new product introductions, and operational excellence are driving revenue and cash flow growth and further shareholder value creation. The company’s ongoing cadence of new product introductions continues to drive its competitive advantage with product enhancements, and new applications continue to drive the growth of its ecosystem and will continue to drive accelerating Business Performance trends, the analyst tells investors in a research note.