Deere & Co. (DE) Tops Q4 EPS by 32c
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November 25, 2022 12:10 PM EST
Deere & Co. (NYSE: DE) price target was raised to $390 from $374 at Deutsche Bank on Friday, with its rating kept at Hold.
Deutsche Bank analyst Nicole DeBlase said in a note to clients that the market "feasted on 4Q strength" but questioned if there is a "food coma to come."
"In our conversations with investors in recent days, we sensed growing anxiety over... More
November 23, 2022 8:08 AM EST
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, November 23rd. Please refresh for updates.
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November 23, 2022 6:43 AM EST
By Bianca Flowers and Aishwarya Nair
CHICAGO (Reuters) -Deere & Co on Wednesday posted a quarterly profit that easily beat Wall Street estimates with strong sales accelerated by price hikes for its agriculture and construction equipment, sending its shares to a record high.
Despite supply chain challenges, the world's largest farm equipment maker reported a 75% increase in profit for its final quarter of its fiscal year and forecast higher net income for next year.
The company's shares surged after the report, and were last up 6.4% to $443.09 in morning trading.
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