Argus analyst John Eade lowered his price target on Deere to $160 to reflect the recent decline in the stock price amid investor concerns about the impact of trade and tariff debate on the company, lowering his implied target earnings multiple to 14-times from 17-times. The analyst keeps his Buy rating however and believes that the stock weakness offers a buying opportunity, citing the latest 15% dividend hike as evidence of the management's confidence in the company's business prospects. While acknowledging the headwinds posed by the currency and commodity headwinds, Eade adds that the inflection points in both have likely passed, stating that margins should begin to recover as the company widens its focus on controlling its operating costs.

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.