Trimble price target raised to $93 from $85 at Raymond James

Raymond James raised the firm’s price target on Trimble (TRMB) to $93 from $85 and keeps an Outperform rating on the shares following a “strong” Q2 report and guidance raise. Key gauges of health are “all moving in the right direction,” says the analyst, who expects continued proof points that the new portfolio is poised for growth to “fuel stock appreciation.”