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Fly News Breaks for May 22, 2017
DE
May 22, 2017 | 08:37 EDT
Wells Fargo increased its price target on Deere after the company raised its fiscal 2017 guidance. The firm thinks that the company's guidance remains conservative, and it believes that "the farm equipment cycle appears to only just be starting to improve." Wells thinks that the company's EPS can climb to at least $9 this cycle. It keeps an Outperform rating on the stock.
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