JP Morgan Maintains Neutral on Trimble, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria has maintained a Neutral rating on Trimble (NASDAQ:TRMB) and increased the price target from $48 to $56.
February 09, 2024 | 9:10 pm
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JP Morgan analyst Tami Zakaria has maintained a Neutral rating on Trimble but raised the price target from $48 to $56.
The increase in the price target from $48 to $56 by a reputable analyst suggests a positive outlook on the stock's value, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the analyst sees limited upside or potential risks that could offset the positive aspects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100