UPDATE: Bank of America Raises PT on Deere on Ag/Construction Tradeoff

In a report published Wednesday by Bank of America, analyst Ross Gilardi raised the price target on

from $102.00 to $105.00 and maintained a Buy rating. In the report, Bank of America noted, "Deere had another robust quarter in Ag & Turf with Construction & Forestry (C&F) continuing to disappoint. Shares had rallied hard into results, and will likely sell off on an in line set of results, with no change to net income guidance." Deere & Co. closed Tuesday at $93.77.