ISI Group Maintains Buy Rating and $90 PT on Deere

A report from ISI reiterates its Buy rating and $90 price target on Deere (NYSE: DE).

The report states, “While we've likes Deere, continue to have a Buy rating, this report is even better than we could have hoped (and recall this from a company which usually starts the year with conservative guidance); stock should have support into upper $70s, though fighting a weak tape today.”

DE closed yesterday at $71.92.