Information Provided By:
Fly News Breaks for November 16, 2015
DE
Nov 16, 2015 | 06:34 EDT
Deutsche Bank analyst Vishal Shah expects Deere's Q4 results on November 25 to be a negative catalyst for shares. Since the company's Q3 earnings, crop prices are down 8%-10% and retail sales have "taken a step down," Shah tells investors in an earnings preview research note. He lowered his price target for the stock to $90 from $101 but keeps a Buy rating on the name. Deere has a strong dividend yield and outperforms the market during El Nino cycles, Shah points out. JPMorgan analyst Ann Duignan this morning lowered her price target for Deere to $64 from $82.
News For DE From the Last 2 Days
There are no results for your query DE