Trimble shares are trading higher after JP Morgan maintained a Neutral rating on the stock and raised its price target from $58 to $66.
Portfolio Pulse from Benzinga Newsdesk
Trimble shares rose after JP Morgan maintained a Neutral rating but increased its price target from $58 to $66.
September 19, 2024 | 3:59 pm
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Trimble's stock price increased following JP Morgan's decision to maintain a Neutral rating while raising the price target from $58 to $66.
The increase in price target by JP Morgan suggests a positive outlook on Trimble's future performance, which likely contributed to the rise in its stock price. The maintained Neutral rating indicates a balanced view, but the higher price target is a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100