Jefferies Raises PT to $80 on Deere & Co

A report from Jefferies reiterates its Hold rating and raises its price target from $75 to $80 on Deere & Co (NYSE: DE).

The report states, “DE reported F4Q EPS of $1.62, $0.19 better than consensus on better than expected A&T margins. FY12 guidance is strong, but the underlying NA market forecast seems aggressive to us.”

DE closed Wednesday at $71.92.