Piper Sandler Upgrades Trimble to Overweight, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries upgraded Trimble (NASDAQ:TRMB) from Neutral to Overweight and increased the price target from $51 to $68. This upgrade reflects a positive outlook on Trimble's future performance.
February 13, 2024 | 10:11 am
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POSITIVE IMPACT
Trimble was upgraded by Piper Sandler from Neutral to Overweight with a price target increase from $51 to $68, indicating a bullish outlook.
The upgrade by Piper Sandler from Neutral to Overweight, along with a significant increase in the price target for Trimble, suggests a strong confidence in the company's future performance. This is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100