BMO Capital Reiterates Market Perform Rating on Deere (DE)

BMO Capital analyst Joel Jackson reiterated a Market Perform rating and $400.00 price target on Deere (NYSE: DE).

The analyst comments "Strong quarter amid challenging dynamic as Deere beat FQ3 ($6.29 EPS vs. $5.72 consensus) and held ~$7B net income FY2024 (Oct) guidance. This was on slightly improved ag equipment price realization guidance (DE held ag sales/margin outlooks), offset by weaker construction/forestry guidance. One negative was a lower operating cash flow forecast. This release should be positively seen as FQ3 seemed a battleground — many thought DE would cut FY guidance and many thought it wouldn't."

For an analyst ratings summary and ratings history on Deere click here. For more ratings news on Deere click here.

Shares of Deere closed at $351.28 yesterday.

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