RBC Capital Upgrades Deere (DE) to Outperform

RBC Capital upgraded Deere (NYSE: DE) from Sector Perform to Outperform with a price target of $190.00 (from $155.00).

Analyst Seth Weber likes the company's combination of a strong leadership position in a stabilizing and modestly improving N. American HHP form machinery coupled with exposure to earth-moving equipment. The analyst likes the "good opportunity" available coming off the recent Wirtgen Group acquisition.

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 $165.60 yesterday.

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