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Fly News Breaks for July 10, 2019
DE
Jul 10, 2019 | 06:53 EDT
UBS analyst Steven Fisher downgraded Deere to Neutral on valuation, saying that after a "sharp" rebound from a weak May, the stock now balances the risks of near-term caution and the potential pick-up in 2020. The analyst also raised his price target on Deere to $167 from $158, adding that while the ag dealer channel checks suggest weakening demand over the next 1-2 quarters amid the ongoing trade uncertainty, some recovery could come with the 2020 "large ag replacement cycle."
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.
