- Cowen analyst Matt Elkott initiated Deere & Co DE with a Market Perform rating and a price target of $396, implying an upside of 13%.
- The analyst mentions that the company's precision agriculture exposure is a game-changing secular story.
- Related: Deere Names Ryan Campbell To Lead Construction & Forestry Team; Raj Kalathur Gets CFO Role Again
- However, there is still a cyclical and seasonal element to the business that warrants a neutral rating, the analyst added.
- Also Read: Deere To Move Cab Production To Mexico: Reuters
- Price Action: DE shares are trading lower by 1.21% at $350.69 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
