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Deere (DE) Receives a Buy from UBS

Tipranks - Tipranks - Wed May 27, 1:48AM CDT

In a report released on May 22, Steven Fisher from UBS maintained a Buy rating on Deere, with a price target of $732.00. The company’s shares closed last Friday at $529.15.

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Fisher covers the Industrials sector, focusing on stocks such as Primoris Services, MasTec, and Agco. According to TipRanks, Fisher has an average return of 7.1% and a 54.10% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $595.70 average price target, which is a 12.58% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $759.00 price target.

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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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