Deere beats profit targets as strong pricing, cost cuts counter slow demand
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DA Davidson Reiterates Buy Rating on Deere (DE)
August 16, 2024 2:19 PM EDTDA Davidson analyst Michael Shlisky reiterated a Buy rating and $465.00 price target on Deere (NYSE: DE)
The analyst comments "We are maintaining our BUY rating and $465 price target on DE following F3Q:24 earnings. DE was again able to beat expectations, and maintained... More
Deere (DE) PT Raised to $410 at BofA Securities
August 16, 2024 6:20 AM EDTBofA Securities analyst Ross Gilardi raised the price target on Deere (NYSE: DE) to $410.00 (from $400.00) while maintaining a Neutral rating.
The analyst comments "DE shares jumped 6% (vs SPX +2%) on a better than feared result as investors braced for a guidance cut that did... More
BMO Capital Reiterates Market Perform Rating on Deere (DE)
August 15, 2024 7:46 AM EDTBMO Capital analyst Joel Jackson reiterated a Market Perform rating and $400.00 price target on Deere (NYSE: DE).
The analyst comments "Strong quarter amid challenging dynamic as Deere beat FQ3 ($6.29 EPS vs. $5.72 consensus) and held ~$7B net income FY2024 (Oct) guidance. This was on slightly... More
Oppenheimer Reiterates Outperform Rating on Deere (DE)
August 15, 2024 7:28 AM EDTOppenheimer analyst Noah Kaye reiterated an Outperform rating and $448.00 price target on Deere (NYSE: DE).
The analyst comments "DE beat top and bottom line while maintaining its full year net income outlook. Both Ag segments beat on top-line and margins, while CF was modestly below consensus on sales and well below on margin.... More
Citi Reiterates Neutral Rating on Deere (DE)
August 15, 2024 7:22 AM EDTCiti analyst Kyle Menges reiterated a Neutral rating and $370.00 price target on Deere (NYSE: DE).
The analyst comments "DE reported its fiscal 3Q24 results, with adj. EPS coming in at $6.29, above our estimate of $5.45 and the Factset consensus estimate of $5.68. The beat to our... More
