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Fly News Breaks for August 18, 2017
DE
Aug 18, 2017 | 08:57 EDT
As reported previously, Baird analyst Mig Dobre downgraded Deere to Neutral from Outperform. The analyst cited Q3 results which were below his expectations as the pace of margin improvement lagged his forecast. He noted the company raised guidance but he sees tougher comps and weak farm fundamentals as headwinds. Dobre lowered his price target to $130 from $140 on Deere shares.
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