Garmin price target raised to $101 from $97 at Barclays

Barclays analyst George Wang raised the firm’s price target on Garmin to $101 from $97 and keeps an Equal Weight rating on the shares. The company’s Q4 revenue and earnings came in above estimates driven by better Aviation and Auto segments, the analyst tells investors in a research note. However, the fiscal 2023 guidance was below estimates for both revenue and earnings as macro pressure continues to weigh, the firm says.