UPDATE: Wells Fargo Securities Downgrades Garmin on Balanced Risk/Reward

In a report published Thursday, Wells Fargo Securities analyst Andrew Spinola downgraded the rating on Garmin (NASDAQ: GRMN ) from Outperform to Market Perform. In the report, Wells Fargo Securities noted, “Garmin reported solid Q4 results and provided a strong outlook for growth in 2014. The company guided to better