On the fly News and insights, exclusive to thefly.com

DE

Deere

$145.25

6.02 (4.32%)

09:53
11/23/17
11/23
09:53
11/23/17
09:53

Deutsche Bank gets off sidelines, upgrades Deere shares to Buy

Deutsche Bank analyst Nicole DeBlase upgraded Deere to Buy from Hold following the company's Q4 earnings report. She upped her price target for the shares to $167 from $149. Deere closed yesterday's trading session up 4%, or $6.02, to $145.25. Positive earnings revisions should drive share outperformance from here, DeBlase told investors last night in a research note. She points out that while Deere is up 11% quarter-to-date, the stock has only performed about in line with its Machinery peer average year-to-date. The analyst believes North America agriculture equipment demand has bottomed while the company will benefit from the ongoing recovery in Europe. DeBlase sees "too much upside" and "too few attractive opportunities" to "stubbornly remain on the sidelines" with respect to Deere shares.

  • 28

    Nov

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.