Deere & Co Receives Favorable Analyst Ratings and Price Target Adjustments
Key Analyst Ratings and Price Targets for Deere & Co.
- BMO Capital maintains a "Market Perform" rating and a $400 price target.
- Citi maintains a "Neutral" rating and a $370 price target.
- Bernstein raises price target from $364 to $398, maintaining a "Market Perform" rating.
Stronger Pricing and Cost Control Measures Drive Deere's Q3 Performance
Deere & Co. exceeded analyst expectations for its third-quarter profit, released on Thursday, due to:
- Stronger pricing
- Cost control measures
Positive Outlook from Analysts
Analysts have a generally positive outlook on Deere & Co.'s future performance:
- BMO Capital maintained its "Market Perform" rating, indicating confidence in the company's long-term prospects.
- Citi maintained its "Neutral" rating, suggesting a stable outlook for the company.
- Bernstein raised its price target, signaling potential upside potential for investors.
Third-Party Verification of Strong Q3 Results
Reuters, a respected news organization, independently confirmed Deere & Co.'s strong third-quarter performance, further validating the company's financial health.
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