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- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Citi initiates UiPath coverage with Buy rating and $23 target
- Harry and Meghan surprised by King Charles' letter on their status
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- S&P 500 falls as AI worries hit software makers
- After an 18% summer selloff in chip stocks, Citi asks what comes next
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Deere (DE) PT Raised to $402 at Deutsche Bank
May 16, 2024 1:43 PM EDTDeutsche Bank analyst Nicole DeBlase raised the price target on Deere (NYSE: DE) to $402.00 (from $401.00) while maintaining a Hold rating.
The analyst comments "Despite a sizeable MSD 2Q24 core segment income beat vs. consensus/DBe, DE cut its FY24 net income guidance by 8%... More
Deere & Co. (DE) stock falls on guidance cut despite earnings beat
May 16, 2024 6:26 AM EDTDeere & Co. (NYSE: DE) reported a notable second-quarter earnings beat on Thursday, but shares fell, currently down over 3%, as the company cut its full-year net income forecast, signaling caution amid softening global agricultural demand and stable construction markets.
The world's leading tractor manufacturer posted adjusted earnings per share (EPS) of $8.53 for the quarter, surpassing analysts' expectations of $7.87. Revenue also exceeded forecasts, coming in at $15.24 billion against the consensus estimate of $13.3 billion. Despite the strong performance, the company's revised full-year net income forecast to approximately $7.0 billion, down from the previous range of $7.5-7.75 billion,... More
