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Fly News Breaks for June 6, 2018
TRMB
Jun 6, 2018 | 06:16 EDT
Goldman Sachs analyst Jerry Revich removed Trimble from his firm's Americas Conviction List while keeping a Buy rating on the shares. The analyst lowered his price target for the shares to $47 from $53. The analyst, while still bullish on the long-term outlook for rising adoption rates of Trimble's core productivity-enhancing software and hardware, views the company's key end-markets as more balanced now. Revich expects U.S. truck production to peak next year and notes that North America construction equipment demand is now at normalized levels.
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