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Fly News Breaks for May 20, 2019
DE
May 20, 2019 | 07:15 EDT
Deutsche Bank analyst Chad Dillard lowered his price target for Deere to $148 from $159 saying the company's Q2 results "missed the mark" and deteriorating fundamentals in large agriculture drove a guidance cut. The analyst says that while the shares "de-risked significantly" following the results, he continues to see a few overhangs, namely the uncertainty surrounding 2020 and the pricing assumptions embedded in the second half of 2019 guidance. Dillard keeps a Hold rating on Deere shares.
News For DE From the Last 2 Days
DE
Apr 23, 2024 | 07:42 EDT
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.
