Deere Announces Third-Quarter Earnings of $489 Million
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Deere (DE) PT Raised to $100 at Credit Suisse
August 22, 2016 8:39 AM EDTCredit Suisse analyst J. Cook reiterated an Outperform rating and raised his price target on Deere (NYSE: DE) to $100.00 (from $87.00) following Q3 results.
Cook said the share outperformance following the results was "less so about earnings and more so regarding... More
UBS Raises Price Target on Deere & Co. (DE) to $87 Following 3Q Conference Call
August 22, 2016 7:32 AM EDTUBS reiterated a Neutral rating on Deere & Co. (NYSE: DE), and raised the price target to $87.00 (from $80.00), following the company's 3Q release and conference call. Deere & Co.'s CFO claims that the company can improve pre-tax income by at least $500m by the end of 2018 if the downturn in large... More
Deere & Co. (DE) Shares Continue Upwards to Session Highs
August 19, 2016 3:30 PM EDTDeere & Co. (NYSE: DE) shares are soaring to session highs following quarterly results. The stock is up well over 14 percent in late trading.
... MoreDeere & Co. (DE) Tops Q3 EPS Views; Sees Lower Q4 Sales
August 19, 2016 6:48 AM EDTDeere & Co. (NYSE: DE) reported Q3 EPS of $1.55, $0.61 better than the analyst estimate of $0.94. Revenue for the quarter came in at $6.72 billion versus the consensus estimate of $6.09 billion.
Market Conditions & Outlook
Agriculture & Turf. Deere's worldwide sales of agriculture and turf equipment are forecast to decrease by about 8 percent for fiscal-year 2016, including a negative currency-translation effect of about 2 percent.
Industry sales for agricultural equipment in the U.S. and Canada are forecast to be down 15 to 20 percent for 2016. The decline, reflecting the impact of low commodity prices and weak farm incomes, has... More
