Here's What Happened At Deere's Sell-Side Breakfast

While the current markets are depressed, Deere & Company

sees no immediate change to long term secular growth trends. The company did not not disclose when markets will bottom but is confident the US will see a slow recovery even if commodity prices spiked, according to Credit Suisse. Latin America is has held solid growth for Deere & Company, with the exception of Brazil where farmer's salary is good, however confidence remains an issue. Credit Suisse issued an Outperform rating for the company with a price target of $75.85 on Tuesday. Analysts at Credit Suisse recently attended Deere's annual sell-side breakfast Deere with Chairman and Chief Executive Officer Sam Allen and Senior Vice President and Chief Financial Officer, Raj Kalathur, here is a closer look at some of the key takeaways. Precision AG Deere is continuing to invest in precision AG. The investment is expected to further reduce the cyclicality of Deere's earnings overtime. Precision AG is currently estimated to be a $20B market. No "major rest" investing for long term growth The company continues to invest in Tier 4 final and new product introductions for 2016 and beyond in order to gain market share. More with less Deere's topline remains challenging. The company also is confident it can achieve peak EPS, ~$9.09, on $3B less in sales versus 2013 or ~$32B in sales as a result.