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UPDATE: Jefferies Raises PT to $70 on Deere & Company on Fiscal 2013 Outlook

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5 Biggest Price Target Changes For Tuesday

Jefferies reiterated its Hold rating on Deere & Company (NYSE: DE) but increased its price target from $70 to $80.

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 at $85.99 on Wednesday.

Latest Ratings for DE

DateFirmActionFromTo
Apr 2017Stifel NicolausInitiates Coverage OnBuy
Jan 2017BerenbergInitiates Coverage OnSell
Dec 2016Aegis CapitalInitiates Coverage OnHold

View More Analyst Ratings for DE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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