UBS Cuts Price Target On Deere (DE) to $54

October 1, 2008 12:29 PM EDT

UBS lowers its price target on Deere & Company (NYSE: DE) from $77 to $54, maintaining their Neutral rating.

The UBS analyst, Henry Kirn, is the second-highest ranked Deere analyst according to Bloomberg data based on the effectiveness of his calls.

Shares of Deere are down 3% today to $48 per share.

Deere & Company engages in the manufacture and distribution of products and services for agriculture and forestry worldwide.


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