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DE

Deere

$177.58

1.68 (0.96%)

07:28
01/10/20
01/10
07:28
01/10/20
07:28

BMO says Deere investors 'missing' companys leading position in precision ag

After attending Deere's presentation to analysts at the annual Consumer Electronics Show, BMO Capital analyst Joel Tiss said he believes investors are "overly focused" on the machinery side of Deere's business and "missing" the company's less appreciated leading position in precision agriculture. Deere has invested heavily into developing its precision ag offerings and is now adding next-generation advancements, said Tiss, who also noted that the company is focused on pushing its mid-cycle potential profitability to 15.0% by 2022. Following the CES event, he keeps an Outperform rating and $190 price target on Deere shares.

DE Deere
$177.58

1.68 (0.96%)

12/02/19
12/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Roku (ROKU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Benjamin Swinburne saying Roku continues to execute a "sound strategy" to capitalize on the shift to streaming, but there are risks to growth expectations not reflected in current valuation levels. 2. Western Digital (WDC) resumed with a Hold from Buy at Stifel with analyst Patrick Ho saying he sees some tailwinds for the company but has "some more fundamental questions" as it relates to Western Digital versus Seagate Technology (STX). 3. Philip Morris (PM) downgraded to Neutral from Buy at Citi. 4. Biogen (BIIB) downgraded to Underperform from Neutral at Baird with analyst Brian Skorney saying the upcoming Clinical Trials on Alzheimer's Disease annual congress could serve as a negative catalyst for shares Biogen shares. 5. Deere (DE) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ross Gilardi saying he views last week's earnings outlook as disappointing and says it is "more realistic than conservative." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/03/19
ARGS
12/03/19
NO CHANGE
Target $185
ARGS
Buy
Deere price target raised to $185 from $164 at Argus
Argus analyst John Eade raised his price target on Deere to $185 and kept his Buy rating. The analyst is positive on the margin expansion efforts of the new management and believes that the company has continued earnings power in the quarters ahead. Eade adds that while the stock has been "caught up" in the trade and tariff debate recently, falling about 7% off its all-time high, the technical long-term outlook for the shares remains "favorable".
12/06/19
JEFF
12/06/19
NO CHANGE
Target $190
JEFF
Buy
North American ag markets on cusp of multi-year upgrade cycle, says Jefferies
Jefferies analyst Stephen Volkmann said farmers have historically been slow adopters of technology, but the combination of demonstrated performance and continued improvement in "Precision Ag" technology has created an inflection point that will accelerate adoption over the next two to three years. Given his expectations for increasing Precision Ag penetration, modest replacement demand and positive pricing, he believes that North Amercian ag markets are "on the cusp of an upgrade cycle that will last for several years," Volkmann tells investors. Given that view on the market, Volkmann added that he thinks his above-consensus forecast for 10% earnings CAGR through 2022 for Deere still has upside potential if the company reaches its 15% EBIT margin target. The analyst keeps a Buy rating and $190 price target on Deere shares.
12/20/19
JPMS
12/20/19
NO CHANGE
JPMS
Overweight
JPMorgan adds Caterpillar to Focus List as top 2020 Machinery pick
JPMorgan analyst Ann Duignan removed Eaton (ETN) from her firm's Analyst Focus List while adding Caterpillar (CAT). The analyst names Caterpillar her "top Value pick" in U.S. Machinery into 2020 saying it is more leveraged to an improving global economy. The analyst maintains Overweight ratings on Caterpillar, Eaton and Oshkosh (OSK) citing "compelling" valuations. She remains Underweight Deere (DE), Enerpac Tool (EPAC) and Allison Transmission (ALSN).

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Facebook

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SPY

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$331.98

1.08 (0.33%)

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JPMorgan

$138.15

0.89 (0.65%)

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BNP Paribas

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

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CEL

Cellcom Israel

$3.18

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VRCA

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SO

Southern Company

$67.25

1.08 (1.63%)

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$65.38

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DaVita

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