Deere & Co. (DE) Weakness Is Buying Opportunity - Argus

Argus maintains Buy on Deere (NYSE: DE) price target of $140.00.

Analyst John Eade believes both FX and commodity prices have passed inflection points and says Deer's revenues & earnings continue to recovery. The analyst believes margins are near all-time lows and forecasts a rebound over the next 24 to 36 months citing improvement to conditions and managements focus on controlling costs.

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 $116.52 yesterday.

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