Deere Reports Net Income of $1.245 Billion for Fourth Quarter, $7.1 Billion for Fiscal Year
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Deere (DE) PT Raised to $505 at DA Davidson
November 22, 2024 11:51 AM ESTDA Davidson analyst Michael Shlisky raised the price target on Deere (NYSE: DE) to $505.00 (from $465.00) while maintaining a Buy rating.
The analyst comments "We are maintaining our BUY rating, with a new $505 price target (from $465) following F4Q:24 earnings. DE beat expectations, and... More
JPMorgan on Deere (DE): 'we believe this is a reasonable guide given the current market conditions'
November 21, 2024 8:39 AM ESTJPMorgan analyst Ann Duignan reiterated a Neutral rating and $420.00 price target on Deere (NYSE: DE).
The analyst comments "F4Q beat on equipment operating margins and lower taxes while equipment sales missed; FY25 guide should create a range of potential outcomes for the bulls and bears. DEs EPS came in ~18% above consensus as a sales miss on the equipment side was more than offset by upside on operating margin across all segments and ~20 cents benefit from lower taxes. The $5-5.5B net income guidepoints to EPS of ~$18.50-$20.40 for FY25 (assuming ~3% accretion from... More
