Barclays maintains an 'Overweight' on Deere (DE); Q2 Preview - Expecting Upward Guidance

May 14, 2012 4:33 PM EDT
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Price: $107.67 +0.51%

Rating Summary:
    9 Buy, 11 Hold, 8 Sell

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Barclays maintains an 'Overweight' on Deere (NYSE: DE) price target of $101.00.

Analyst, Andy Kaplowitz, said, "Deere remains one of our preferred Machinery names ahead of its FY2Q earnings report this week, and while expectations seem relatively high into the quarter, we think the company is poised to report a generally solid result and outlook."

Kaplowitz currently sees Q2 EPS at $2.45 (vs. consensus of $2.53), but believes the company will top estimates and modestly raise full year earnings guidance.

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 $79.07 yesterday.

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