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Fly News Breaks for May 31, 2018
TRMB
May 31, 2018 | 06:17 EDT
Trimble yesterday introduced fiscal 2018 and fiscal 2021 financial targets that are ambitious, but achievable, Berenberg analyst Gal Munda tells investors in a post investor day research note. He believes the growth rates, while above the Street's expectations, reflect the true underlying growth of the business considering the secular trends. The analyst expects consensus estimates to increase by around 5% and keeps a Buy rating on Trimble with a $46 price target.
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