Evercore ISI Group Upgrades Deere (DE) to Outperform from In-Line
Fintel reports that on September 3, 2026, Evercore ISI Group upgraded their outlook for Deere (NYSE:DE) from In-Line to Outperform. Prior to this action, Evercore ISI Group maintained its rating on August 11, 2026, with a from_rating of In-Line and a to_rating of In-Line.
Deere & Company, commonly known as John Deere, is an American corporation headquartered in Moline, Illinois. It operates primarily in the heavy machinery industry, focusing on manufacturing and marketing a range of equipment used in agriculture, construction, and forestry. Key products include tractors, combine harvesters, balers, planters, loaders, and excavators. One of Deere & Company’s notable initiatives is its investment in precision agriculture technology, aiming to enhance productivity through advanced equipment and data analytics. Recent projects also include expanding its range of electric-powered machinery as part of its sustainability goals.
On September 3, 2026, the stock's latest close was $694.41, following a pre_action close of $698.37 on September 2, 2026. The stock recorded a price change of +11.52% over one week, relative to a baseline close of $622.66 on August 27, 2026. Over a one-month period, the price change was +14.77% from a baseline close of $605.06 on August 3, 2026.
Deere reported its latest earnings on August 20, 2026, with an actual earnings per share of 5.1, compared to an estimated earnings per share of 4.8397, representing a surprise of +5.38%. The actual revenue was $10,999,000,000,000,000.00, compared to an estimated revenue of $11,052,327,851,000,000.00.
As of August 28, 2026, the current consensus target mean was $670.17 and the median was $676.77, representing an implied change of -3.49%. The prior consensus target mean was $651.68 as of August 3, 2026, showing a revision of +2.84%. During the current recommendation period of September 1, 2026, there were 7 strong buy, 15 buy, 12 hold, 0 sell, and 0 strong sell recommendations, totaling 34. This represents 64.7% positive, 35.3% hold, and 0.0% negative recommendations. In the prior period of August 1, 2026, there were 6 strong buy, 15 buy, 13 hold, 0 sell, and 0 strong sell recommendations, totaling 34, representing 61.8% positive, 38.2% hold, and 0.0% negative recommendations.
Other recent analyst actions include a maintained Outperform rating by Raymond James on August 31, 2026, and an upgrade by Baird from Neutral to Outperform on August 31, 2026. On August 24, 2026, DA Davidson maintained a Buy rating, Truist Securities maintained a Buy rating, Barclays maintained an Overweight rating, and RBC Capital reiterated an Outperform rating.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 3, 2026 | Evercore ISI Group | In-Line | Outperform | upgrade |
| August 31, 2026 | Raymond James | Outperform | Outperform | maintained |
| August 31, 2026 | Baird | Neutral | Outperform | upgrade |
| August 24, 2026 | DA Davidson | Buy | Buy | maintained |
| August 24, 2026 | Truist Securities | Buy | Buy | maintained |
| August 24, 2026 | Barclays | Overweight | Overweight | maintained |
| August 24, 2026 | RBC Capital | Outperform | Outperform | reiterated |
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This story originally appeared on Fintel.