UBS Downgrades Deere (DE) to Neutral

March 19, 2013 6:56 AM EDT
Get Alerts DE Hot Sheet
Price: $107.12 +0.36%

Rating Summary:
    9 Buy, 11 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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UBS downgraded Deere (NYSE: DE) from Buy to Neutral.

The firm comments, "The relative performance of farm equipment stocks, and Deere in particular, has historically traded closely with corn. Accordingly, if the consensus (and our) forecasts for farm commodity prices come to fruition, we expect Deere to materially underperform the market."

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 $91.82 yesterday.

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