Deere To Jump Over 33%? These Analysts Boost Price Targets On The Agricultural Equipment Manufacturer Following Q4 Results

Deere & Company DE reported posted better-than-expected Q4 EPS and sales results.

Deere reported Q4 sales of $15.54 billion, beating the consensus of $13.39 billion. Q4 EPS of $7.44 surpassed the consensus of $7.11.

Deere shares fell 0.1% to $437.00 in pre-market trading.

These analysts made changes to their price targets on Deere following the release of quarterly results.

• UBS raised the price target on the stock from $374 to $452. UBS analyst Steven Fisher maintained a Neutral rating on the stock.
• JP Morgan boosted Deere price target from $415 to $440. JP Morgan analyst Tami Zakaria maintained a Neutral rating on the stock.
• Credit Suisse lifted the price target on Deere from $447 to $582. Credit Suisse analyst Jamie Cook maintained an Outperform rating on the stock.
• Argus Research lifted the price target on Deere from $420 to $475. Argus Research analyst John Eade maintained a Buy rating on the stock.