Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of business-class GPS gadget designer Trimble Navigations
So what: As of last night, a wee-long fall had taken a 22% toll on Trimble's value -- until JPMorgan Chase upgraded the stock to a "buy." The upgrade appears to be based on valuation, as Morgan kept its price target on Trimble steady at $53.50.
Now what: Trimble reported decent earnings with a weak outlook a week ago, sending the stock on a downward slide that was exacerbated by a much stronger report from Garmin
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