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DE

Deere

$150.83

0.47 (0.31%)

09:03
10/02/18
10/02
09:03
10/02/18
09:03

Deere announces senior leadership changes

Deere & Company announced changes to its leadership team in response to the planned retirement of a member of senior management later this year. The following changes are effective November 15: Max A. Guinn will retire as President, Worldwide Construction & Forestry Division. James M. Field is appointed President, Worldwide Construction & Forestry Division. John C. May is appointed President, Worldwide Agriculture & Turf Division - Global Harvesting and Turf Platforms, Ag Solutions, Americas and Australia. Mark von Pentz is appointed President, Worldwide Agriculture & Turf Division, Global Tractor and Hay & Forage Platforms, Europe, CIS, Asia, Africa. Raj Kalathur is appointed Senior Vice President, CFO and Chief Information Officer.

DE Deere
$150.83

0.47 (0.31%)

08/20/18
FBCO
08/20/18
NO CHANGE
Target $221
FBCO
Outperform
Deere price target lowered to $221 from $231 at Credit Suisse
Credit Suisse analyst Jamie Cook lowered his price target for Deere to $221 from $231 following quarterly results. The analyst notes that the company missed Q3 consensus estimates by 6% on slightly weaker margins tied to higher costs associated with material and freight costs, a known risk, and reiterated its full year adjusted net income outlook. Cook has an Outperform rating on the shares.
08/20/18
ARGS
08/20/18
NO CHANGE
Target $160
ARGS
Buy
Deere price target lowered to $160 from $190 at Argus
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.
09/05/18
DBAB
09/05/18
INITIATION
Target $155
DBAB
Hold
Deere resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Chad Dillard resumed coverage of Deere with a Hold rating and $155 price target. Since late cycle concerns took hold in April, the Machinery sector has underperformed the S&P 500 by 15% and is approaching valuation lows last seen during the 2015 energy and 2008 global financial crises, Dillard tells investors in a research note. He resumed coverage of eight stocks in the Machinery sector, with two Buy ratings, one Sell rating and five Holds.
09/24/18
DBAB
09/24/18
NO CHANGE
DBAB
Buy
Agco shares well positioned to outperform, says Deutsche Bank
Deutsche Bank analyst Chad Dillard believes shares of Agco (AGCO) are well positioned to outperform with expectations "near rock-bottom levels." The analyst spent time in Europe with Deere's (DE) head of sales/marketing for EAME and left with incrementally positive read-throughs for Agco. The impact of the drought on farmers is not as bad as feared and revenues for that region could be up 6%-7%, which could translate into 5%-10% upside to 2019 earnings expectations, Dillard tells investors in a research note. He keeps a Buy rating on Agco.

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