UPDATE: Wolfe Research Starts Deere (DE) at Outperform, 'Let This Deere Run'

April 12, 2021 4:22 PM EDT
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Price: $383.20 -2.1%

Rating Summary:
    18 Buy, 13 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 19 | New: 41
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(Updated - April 12, 2021 4:24 PM EDT)

Wolfe Research analyst Greg Badishkanian initiates coverage on Deere (NYSE: DE) with a Outperform rating and a price target of $425.00.

The analyst comments "DE represents the largest manufacturer and distributor of agricultural and turf equipment globally with the sector now poised for a multi-year upswing in trends. We view overall tight inventory positioning coupled with an improved commodity price backdrop as helping to fuel continued top-line growth."

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 $377.00 yesterday.

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