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Trimble price target raised to $94 from $88 at Oppenheimer

Oppenheimer raised the firm’s price target on Trimble (TRMB) to $94 from $88 and keeps an Outperform rating on the shares. The firm notes the company delivered a strong quarter, with record Q2 ARR of $2.21B, beating EPS by 8c and raising its full year guide by 12c at the midpoint.

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