Deere announces job cuts to tackle slowing farm equipment demand

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Oppenheimer Reiterates Outperform Rating on Deere (DE)

June 5, 2024 11:51 AM EDT

Oppenheimer analyst Noah Kaye reiterated an Outperform rating and $465.00 price target on Deere (NYSE: DE)

The analyst comments "In a Form 8-K this morning, DE addressed reports of announced salary workforce layoffs, while confirming FY24 guidance. Media reports of the layoffs... More