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Fly News Breaks for October 19, 2016
DE
Oct 19, 2016 | 08:52 EDT
JPMorgan analyst Ann Duignan lays out 10 reasons for why she remains cautious on shares of Deere. The analyst has an Underweight rating on the name with an $80 price target. Her list includes deterioration in U.S. and European livestock fundamentals, continued excess supply of used row crop equipment in the U.S. and increasing export competition from Latin America. She expects Deere's U.S. fundamentals to remain weak beyond 2017.
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