Bank of America Securities Reaffirms Their Hold Rating on Deere (DE)
In a report released yesterday, Michael Feniger from Bank of America Securities reiterated a Hold rating on Deere, with a price target of $672.00. The company’s shares closed yesterday at $662.00.
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Feniger covers the Industrials sector, focusing on stocks such as Caterpillar, Deere, and RB Global. According to TipRanks, Feniger has an average return of 10.4% and a 64.39% success rate on recommended stocks.
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $528.42, a -20.18% downside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $641.00 price target.
Based on Deere’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $12.09 billion and a net profit of $1.07 billion. In comparison, last year the company earned a revenue of $10.83 billion and had a net profit of $1.25 billion
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