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DE

Deere

$111.89 /

-7.68 (-6.42%)

08:52
03/23/20
03/23
08:52
03/23/20
08:52

Deere withdraws financial outlook for 2020

In a regulatory filing, Deere said the ultimate magnitude of COVID-19, including the extent of its impact on Deere & Company's financial and operational results, which could be material, will be determined by the length of time that the pandemic continues, its effect on the demand for the company's products and services and the supply chain, as well as the effect of governmental regulations imposed in response to the pandemic. As a U.S. federally-designated essential critical infrastructure business, the company will continue its domestic operations and plans to continue to operate in other parts of the world to the extent possible. These operations, however, may be affected by issues such as remote working arrangements, adherence to social distancing guidelines, and other COVID-19-related challenges. Presently, certain of the company's facilities are reducing operations and, in some cases, are temporarily shutting down operations due to the effects of the coronavirus. Challenges associated with COVID-19 that have affected, and may continue to affect, the company include the following: availability of the company's employees; employees' working arrangements; the supply chain and the ability to receive goods on a timely basis and at anticipated costs; logistics costs; the normal operations of company facilities, including temporary closures as mandated or otherwise made necessary by governmental authorities; as well as demand for the company's products. As a result of these factors, Deere & Company is withdrawing the financial outlook for 2020

  • 22

    May

DE Deere
$111.89 /

-7.68 (-6.42%)

03/17/20 Morgan Stanley
Morgan Stanley upgrades 'cheap' Oshkosh and Wabtec to Overweight
03/02/20 BofA
Deere upgraded to Neutral from Underperform at BofA
02/26/20 Argus
Deere weakness offers buying opportunity, says Argus
02/25/20 BMO Capital
Deere price target raised to $200 from $190 at BMO Capital

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