UPDATE: Deere & Co. (DE) Tops Q2 EPS by 17c; Affirms Outlook

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Go back to UPDATE: Deere & Co. (DE) Tops Q2 EPS by 17c; Affirms Outlook

Deere (DE) PT Raised, Estimates Lowered at Piper Jaffray

May 15, 2014 8:04 AM EDT

Piper Jaffray analyst Michael Cox bumped his price target on Neutral-rated Deere (NYSE: DE) to $91.00 (from $88.00) following Q2 results with the company seeing good visaility through FY14. However, the analyst said expect pronounced ag volume declines in FY15.

Cox comments, "We are... More

Goldman Sachs Reiterates Sell Rating on Deere (DE)

May 14, 2014 11:07 AM EDT

Goldman Sachs maintained a Sell rating on Deere (NYSE: DE) with a price target of $85. Analyst Jerry Revich called capex cuts prudent.

"We view Deeres 2Q results as broadly in-line, as Deere is prudently reducing capex and overhead costs ahead of what... More