Market Overview

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

Related DE
Deere Likely To Benefit From A Bottoming In Demand After 3 Years Of Declines
Goldman Sachs Downgrades Trio Of Construction Product Stocks

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

Oct 2016BarclaysMaintainsUnderweight
Oct 2016Wells FargoUpgradesUnderperformOutperform
Sep 2016Deutsche BankInitiates Coverage onHold

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!