Yahoo Finance

Morgan Stanley raised the firm’s price target on Deere (DE) to $450 from $401 and keeps an Overweight rating on the shares. Deere’s FY25 implied EPS guidance of $18-$20, while missing consensus, aligns with buyside expectations and factors in global Ag market challenges, the analyst tells investors. The Q4 results and guidance still support a view that normalized EPS may be in the mid-20s, “bolstering bulls’ conviction,” the analyst added.

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Read More on DE:

• Deere price target raised to $538 from $496 at Truist

• Deere price target raised to $477 from $448 at Oppenheimer

• Deere price target raised to $462 from $404 at UBS

• Deere price target raised to $450 from $420 at JPMorgan

• Deere price target raised to $475 from $400 at Barclays