Citi Keeps Their Hold Rating on Deere (DE)
In a report released on April 10, Kyle Menges from Citi maintained a Hold rating on Deere, with a price target of $625.00. The company’s shares closed last Friday at $605.00.
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According to TipRanks, Menges is a 5-star analyst with an average return of 19.4% and a 65.49% success rate. Menges covers the Industrials sector, focusing on stocks such as EquipmentShare.com, Inc., Herc Holdings, and WillScot Mobile Mini Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $685.07 average price target, which is a 13.23% upside from current levels. In a report released on April 10, J.P. Morgan also maintained a Hold rating on the stock with a $550.00 price target.
Based on Deere’s latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $9.61 billion and a net profit of $656 million. In comparison, last year the company earned a revenue of $8.26 billion and had a net profit of $869 million
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