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DE

Deere

$100.20

-0.15 (-0.15%)

07:00
12/01/16
12/01
07:00
12/01/16
07:00

Deere upgraded to Buy, guidance seems conservative, says BofA/Merrill

As previously reported, BofA/Merrill upgraded Deere (DE) Buy from Neutral and raised its price target to $124 from $92 Analyst Ross Gilardi believes Deere's FY17 guidance is conservative and his revised earnings estimate of $4.60 is 7% above consensus. Gilardi said Deere trades at a steep discount to Caterpillar (CAT), North American ag demand is at a 20-year lows, C&F is a potential US fiscal stimulus beneficiary and margins should only get better, and corn and oil prices are directionally correlated.

  • 01

    Dec

DE Deere
$100.20

-0.15 (-0.15%)

11/28/16
PIPR
11/28/16
UPGRADE
Target $100
PIPR
Neutral
Deere upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Brett Wong upgraded Deere and others in the Agriculture space to Neutral saying investors will likely continue to pay "lofty multiples" since a bottom of the cycle is close. The analyst raised his price target for the shares to $100 from $70.
11/28/16
BMOC
11/28/16
NO CHANGE
BMOC
Deere price target raised to $120 from $96 at BMO Capital
BMO Capital analyst Joel Tiss raised his price target on Deere after the company reported stronger than expected Q4 results. The analyst says that the company's outlook has improved significantly, and he notes that it said that agricultural markets have bottomed. Tiss keeps an Outperform rating on the shares.
11/28/16
11/28/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Deere (DE) upgraded to Neutral from Underweight at Piper Jaffray with analyst Brett Wong saying investors will likely continue to pay "lofty multiples" since a bottom of the cycle is close. 2. ConocoPhillips (COP) upgraded to Conviction Buy from Neutral at Goldman with analyst Neil Mehta saying ConocoPhillips offers the most attractive free cash yield among U.S. majors/E&P and believes the company will grow its production through the ned of the decade. 3. Comerica (CMA) upgraded to Buy from Hold at Jefferies with analyst Ken Usdin saying the company's earnings are likely to benefit more than peers from higher short-term interest rates and a potentially lower Federal tax rate. 4. DuPont Fabros (DFT) upgraded to Outperform from Neutral at Baird with analyst David Rodgers citing its future development opportunity, solid corporate execution, and valuation. 5. Horizon Pharma (HZNP) upgraded to Buy from Neutral at Citi analyst Liav Abraham saying the risk/reward as favorable into the upcoming pivotal data for Actimmune in Friederich's Ataxia. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/16
BOFA
12/01/16
UPGRADE
BOFA
Buy
Deere upgraded to Buy from Neutral at BofA/Merrill

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ICPT

Intercept

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MHK

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UFCS

United Fire Group

$42.02

-0.12 (-0.28%)

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PMI Composite Flash Manufacturing â€' Level to be reported at 09:45 »

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YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

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IP

International Paper

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International Paper to invest about $300M to convert Riverdale paper machine »

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IDTI

Integrated Device

$27.00

-0.16 (-0.59%)

09:26
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    Sep

  • 05

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09:25
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Conference/Events
DA Davidson engineering analyst holds an analyst/industry conference call »

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RBS

RBS

09:24
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RBS rating change  »

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COR

CoreSite Realty

09:23
09/22/17
09/22
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Initiation
CoreSite Realty initiated  »

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  • 26

    Sep

CONE

CyrusOne

$60.41

-0.35 (-0.58%)

09:22
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Initiation
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  • 26

    Sep

TMUS

T-Mobile

$63.39

-0.13 (-0.20%)

, S

Sprint

09:21
09/22/17
09/22
09:21
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09:21
Hot Stocks
On The Fly: Pre-market Movers »

HIGHER: T-Mobile US…

TMUS

T-Mobile

$63.39

-0.13 (-0.20%)

S

Sprint

EARS

Auris Medical

$0.71

0.0101 (1.44%)

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

FINL

Finish Line

$9.22

-0.21 (-2.23%)

FL

Foot Locker

03/08/13
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  • 22

    Sep

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    Sep

  • 02

    Oct

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    May

BWA

BorgWarner

, SEV

Sevcon

$22.00

-0.01 (-0.05%)

09:21
09/22/17
09/22
09:21
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09:21
Conference/Events
Sevcon to host special shareholder meeting »

Special Shareholder…

BWA

BorgWarner

SEV

Sevcon

$22.00

-0.01 (-0.05%)

03/08/13
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  • 26

    Oct

ICPT

Intercept

$73.70

-24.42 (-24.89%)

09:19
09/22/17
09/22
09:19
09/22/17
09:19
Downgrade
Intercept rating change  »

Intercept downgraded to…

03/08/13
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DLR

Digital Realty

09:18
09/22/17
09/22
09:18
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09:18
Initiation
Digital Realty initiated  »

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
09/22/17
09/22
09:18
09/22/17
09:18
Options
Overnight activity included 125 trades in SPX and 21 trades in VIX »

125 trades were executed…

SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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CAG

Conagra Brands

09:17
09/22/17
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Conagra Brands to acquire Angie's Artisan Treats, terms not disclosed »

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  • 22

    Sep

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General news
Euro$ interest rate futures have continued to steady »

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HDSN

Hudson Technologies

$8.47

-0.79 (-8.53%)

09:14
09/22/17
09/22
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09:14
Recommendations
Hudson Technologies analyst commentary  »

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  • 16

    Nov

ACN

Accenture

09:11
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  • 28

    Sep

  • 02

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  • 22

    Oct

FINL

Finish Line

$9.22

-0.21 (-2.23%)

09:10
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  • 22

    Sep

DKS

Dick's Sporting

$26.23

-0.31 (-1.17%)

09:05
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09:05
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KTCC

Key Tronic

$6.84

-0.023 (-0.34%)

, CETX

Cemtrex

$3.21

-0.09 (-2.73%)

09:04
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Hot Stocks
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KTCC

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$6.84

-0.023 (-0.34%)

CETX

Cemtrex

$3.21

-0.09 (-2.73%)

03/08/13
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