Barclays Maintains an 'Overweight' on Deere (DE); Ag Market Still Has Room To Go
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Price: $85.08 --0%
Rating Summary:
8 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Rating Summary:
8 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Trade DE Now!
Barclays maintains an 'Overweight' on Deere (NYSE: DE) price target of $101.00.
Analyst, Andy Kaplowitz, said, "After traveling with DE management, we expect DE's EPS to continue to rise over time given a still relatively strong U.S. ag market, growing international ag markets and a slowly improving construction business. Moreover, we think significant investor skepticism of DE's ability to grow, combined with what we believe is one of the highest quality names in our space, could lead to DE stock's outperformance during the current period of increased global economic uncertainty."
FY12 EPS estimate cut from $8.15 to $8.10 and FY13 from $8.45 to $8.40, Barclays cites expected headwinds from currency, but Kaplowitz thinks this is note material.
For an analyst ratings summary and ratings history on Deere click here. For more ratings news on Deere click here.
Shares of Deere closed at $75.06 yesterday, with a 52 week range of $59.92-$89.70.
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Analyst, Andy Kaplowitz, said, "After traveling with DE management, we expect DE's EPS to continue to rise over time given a still relatively strong U.S. ag market, growing international ag markets and a slowly improving construction business. Moreover, we think significant investor skepticism of DE's ability to grow, combined with what we believe is one of the highest quality names in our space, could lead to DE stock's outperformance during the current period of increased global economic uncertainty."
FY12 EPS estimate cut from $8.15 to $8.10 and FY13 from $8.45 to $8.40, Barclays cites expected headwinds from currency, but Kaplowitz thinks this is note material.
For an analyst ratings summary and ratings history on Deere click here. For more ratings news on Deere click here.
Shares of Deere closed at $75.06 yesterday, with a 52 week range of $59.92-$89.70.
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