UBS analyst Steven Fisher upgraded Deere to Buy from Neutral and raised his price target for the shares to $185 from $175. The shares closed yesterday up $1.49 to $156.58. The slow recovery in Deere's large agriculture business could accelerate in fiscal 2019 with higher grain prices, which have a favorable set-up entering the growing season, Fisher tells investors in a research note. He thinks higher grain prices will stimulate a recovery in North America high-horsepower tractors, which he notes have been declining for five years. The analyst views the stock's risk/reward as favorable following the selloff in recent months.

Cyngn (CYN) has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's (DE) operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA.