Garmin (GRMN) stock moves lower as Barclays analysts downgrade it to an Underweight rating from Equal-Weight, cutting their price target on the GPS and smartwatch maker to $133 per share.

Julie Hyman and Josh Lipton report on the analyst call that cites the brand's valuation narrative heading into 2025.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.