Truist raised the firm’s price target on Deere (DE) to $538 from $496 and keeps a Buy rating on the shares after its Q4 earnings beat. Deere’s premium valuation, compared to its peers and history, is warranted given its financial performance in what’s proven a challenged and prolonged downturn, the analyst tells investors in a research note. Truist also notes that the market usually underappreciates operating leverage as cycles turn, which it sees as likely in 2026.
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Read More on DE:
- Deere price target raised to $477 from $448 at Oppenheimer
- Deere price target raised to $462 from $404 at UBS
- Deere price target raised to $450 from $420 at JPMorgan
- Deere price target raised to $475 from $400 at Barclays
- Deere & Company Reports Decline in 2024 Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
