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Fly News Breaks for October 11, 2016
TRMB
Oct 11, 2016 | 07:20 EDT
Oppenheimer analyst Colin Rusch believes that with indicators largely unchanged from Q2, there is a path for Trimble to outperform its end markets through its efficiency-enabling software and a rapid technology replacement cycle. The analyst is also encouraged to see Trimble's announced divestment in its drone equipment business as it continues to migrate its portfolio toward an information/analytics-driven model which should carry a higher margin and stickier customer base. He reiterates an Outperform rating and $32 price target on the shares.
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