BMO Capital Maintains Market Perform Rating for Deere: Here's What You Need To Know

BMO Capital has decided to maintain its Market Perform rating of Deere DE and raise its price target from $375.00 to $450.00.

Shares of Deere are trading down 0.16% over the last 24 hours, at $440.75 per share.

A move to $450.00 would account for a 2.1% increase from the current share price.

About Deere

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.