Deere's profit beat overshadows tepid 2025 outlook, shares rise
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Go back to Deere's profit beat overshadows tepid 2025 outlook, shares rise
November 22, 2024 11:51 AM EST
DA Davidson analyst Michael Shlisky raised the price target on Deere (NYSE: DE) to $505.00 (from $465.00) while maintaining a Buy rating.
The analyst comments "We are maintaining our BUY rating, with a new $505 price target (from $465) following F4Q:24 earnings. DE beat expectations, and... More
November 21, 2024 8:39 AM EST
JPMorgan analyst Ann Duignan reiterated a Neutral rating and $420.00 price target on Deere (NYSE: DE).
The analyst comments "F4Q beat on equipment operating margins and lower taxes while equipment sales missed; FY25 guide should create a range of potential outcomes for the bulls and bears. DEs EPS came in ~18% above consensus as a sales miss on the equipment side was more than offset by upside on operating margin across all segments and ~20 cents benefit from lower taxes. The $5-5.5B net income guidepoints to EPS of ~$18.50-$20.40 for FY25 (assuming ~3% accretion from... More
