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Fly News Breaks for June 24, 2016
TRMB
Jun 24, 2016 | 08:32 EDT
Wedbush believes that Trimble's changes meant to increase its margins are progressing well ,and the firm expects the company to benefit from "the increasing use of mobile connectivity to drive productivity across a number of industries," The firm thinks the company's growth is poised to accelerate, and it raised its price target on the shares to $29 from $27 while keeping an Outperform rating on the stock.
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