Information Provided By: 
Fly News Breaks for December 1, 2016
DE
Dec 1, 2016 | 07:00 EDT
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.
News For DE From the Last 2 Days
There are no results for your query DE
