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Fly News Breaks for August 19, 2019
Aug 19, 2019 | 07:23 EDT
Wells Fargo analyst Andrew Casey lowered his price target for Deere to $170 from $185 mainly on reduced valuation multiples due to recent USDA data that imply a less robust outlook for U.S. farmer row crop cash receipts. The analyst notes that the stock took the Q3 earnings miss and guidance cut in stride. He reiterates an Outperform rating on the shares.
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