Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Deere & Company

Share:
Related DE
Jefferies Looking For 'Green Shoots' In Machinery Stocks: What That Means
Avoid Caterpillar And John Deere
Bruce Greenwald's Talk at GuruFocus Value Conference Notes (GuruFocus)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Deere & Company (NYSE: DE), and raised its price target from $70.00 to $80.00.

Jefferies noted, “We provide our updated model following DE's F4Q EPS report. Our FY13E is tweaked from $8.00 to $8.25, and our price target goes from $70 to $80 as we roll the target to CY13 mid cycle multiples. Despite good execution, we continue our HOLD rating as DE is going through a significant investment cycle against a backdrop of flattish overall revenues.”

Deere & Company closed on Wednesday at $85.99.

Latest Ratings for DE

DateFirmActionFromTo
Feb 2016MacquarieMaintainsUnderperform
Feb 2016Credit SuisseMaintainsOutperform
Jan 2016BarclaysMaintainsUnderweight

View More Analyst Ratings for DE
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (DE)

View Comments and Join the Discussion!