Wells Fargo Reaffirms Their Buy Rating on Deere (DE)
Wells Fargo analyst Jerry Revich maintained a Buy rating on Deere yesterday and set a price target of $750.00.
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According to TipRanks, Revich is a 5-star analyst with an average return of 8.7% and a 56.73% success rate. Revich covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Herc Holdings.
In addition to Wells Fargo, Deere also received a Buy from Truist Financial’s Jamie Cook in a report issued yesterday. However, on April 10, J.P. Morgan maintained a Hold rating on Deere (NYSE: DE).
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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