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Technology Stocks : Trimble Navigation
TRMB 78.60-1.2%Nov 4 3:59 PM EST
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From: JakeStraw9/1/2011 2:45:12 PM
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Trimble Navigation (TRMB) was upgraded today by analysts at Piper Jaffray to an "overweight" rating. The analysts now have a $50.00 price target on the stock.

Trimble is poised to see strong growth in its highest margin segment well into 2012, “which should serve as a catalyst to most estimates and valuations higher.” He adds that within the company’s engineering and construction segment “the company’s efforts to build out dedicated dealerships and expand into new market verticals is setting the stage for sustained double digit organic growth in spite of the global macro backdrop.”
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