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.
Trimble confirms unmanned aircraft exemption granted by FAA Trimble announced that the Federal Aviation Administration has granted an exemption that will allow the company to conduct commercial operation of its Trimble UX5 Aerial Imaging Solution in the U.S. The Trimble UX5 is an unmanned fixed-wing aircraft targeted at the surveying, agriculture, oil & gas, mining, construction, environmental industries.