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Deere (DE) Gets a Buy from Barclays

Tipranks - Tipranks - Tue Jun 2, 4:28AM CDT

Barclays analyst Adam Seiden maintained a Buy rating on Deere today and set a price target of $640.00.

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According to TipRanks, Seiden is a 5-star analyst with an average return of 12.6% and a 60.19% success rate. Seiden covers the Industrials sector, focusing on stocks such as Lincoln Electric Holdings, The Middleby, and Aecom Technology.

In addition to Barclays, Deere also received a Buy from Oppenheimer’s Kristen Owen in a report issued on May 27. However, on May 29, Jefferies 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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