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Truist Financial Sticks to Its Buy Rating for Deere (DE)

Tipranks - Tipranks - Tue May 26, 9:48PM CDT

Truist Financial analyst Jamie Cook maintained a Buy rating on Deere yesterday and set a price target of $759.00.

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Cook covers the Industrials sector, focusing on stocks such as MasTec, Caterpillar, and Deere. According to TipRanks, Cook has an average return of 18.1% and a 68.17% success rate on recommended stocks.

In addition to Truist Financial, Deere also received a Buy from Barclays’s Adam Seiden in a report issued on May 22. However, on the same day, J.P. Morgan maintained a Hold rating on Deere (NYSE: DE).

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Based on Deere’s latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $13.37 billion and a net profit of $1.77 billion. In comparison, last year the company earned a revenue of $12.53 billion and had a net profit of $1.8 billion

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