KeyBanc upgraded Trimble (TRMB) to Overweight from Sector Weight with a $99 price target The firm is citing its renewed confidence in the company’s low-teen annual recurring revenue and double-digit EPS growth framework thanks to its potential end market recovery, the analyst tells investors in a research note. These growth rates are supportive of Trimble multiple expanding higher to at least parity with its broader Industrial peers, the firm added.
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