J.P. Morgan Maintains Neutral Rating On TRMB

J.P. Morgan maintains its Neutral rating for Trimble Navigation TRMB “ahead of 1Q results based on valuation.” “E&C and Field Solutions will likely remain drivers of growth due to strength in the heavy/highway and survey segments, and strong farm cash receipts,” J.P. Morgan writes. “We believe growth in the Mobile Solutions segment will remain muted. We expect positive commentary from management; however, we believe high expectations are priced into the stock, and we do not see potential for significant upside. We would look for pullbacks before adding to positions.” Trimble Navigation closed Monday at $50.76.