Baird Reiterates Outperform Rating on Deere (DE)

Baird analyst Mircea Dobre reiterated an Outperform rating and $440.00 price target on Deere (NYSE: DE).

The analyst commented: "DE filed its 3Q24 10-Q yesterday afternoon following the earnings release two weeks ago (8/15). We found product line and geographic sales breakdowns to be the most useful
takeaways from the filing (better in US/Canada, larger declines elsewhere) while we also provide a balance sheet read-through and additional details on income statement line items and employee-separation programs. Note that DE has repurchased 8.5 million shares for $3.257 billion YTD, down from 11.5 million shares for $4.697 billion in the 3Q23 YTD period."

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 $385.74 yesterday.

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