Trimble Navigation pullback provides attractive entry point, says Piper Jaffray Piper Jaffray believes the post-earnings pullback in shares of Trimble Navigation provides an attractive entry point into the name. Piper thinks the company's construction focused E&C segment will drive "healthy" sales growth and margin expansion through 2014. It lowered its price target for shares to $44 from $46 and keeps an Overweight rating on the stock.
PeopleNet chosen as exclusive telematics technology provider to Kenworth PeopleNet, a Trimble company, announced that it has been selected by Kenworth to be the exclusive telematics provider for Kenworth's remote diagnostics system that is being rolled out this summer for new Kenworth Class 8 trucks powered by PACCAR MX-13 engines. This technology aims to help fleets better manage the uptime of their vehicles by automatically notifying fleet managers and dealers of potential service events and providing expert service recommendations.