Deere shares fall 8 percent following weak third-quarter results

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Go back to Deere shares fall 8 percent following weak third-quarter results

Piper Jaffray Cuts Price Target on Deere & Co. (DE) to $80 Following 3Q15 EPS Beat

August 24, 2015 8:22 AM EDT

Piper Jaffray reiterated a Neutral rating on Deere (NYSE: DE), and cut the price target to $80.00 (from $87.00), following the company's 3Q15 earnings report. DE reported higher than expected EPS of $1.53 compared to the Street at $1.44. Management will provide formal FY16 guidance in November.... More