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Fly News Breaks for August 20, 2018
DE
Aug 20, 2018 | 07:37 EDT
RBC Capital analyst Seth Weber kept his Outperform rating and $200 price target on Deere after its Q3 results, saying the company's revenues and orders reflect his view of improving global farm equipment market and continued momentum in construction. Weber notes that the management's commentary around rising equipment orders also helped to soothe investor concerns about the potential headwinds of trade and tariff policies which may disrupt the North America farm equipment replacement cycle.
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