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Barclays Keeps Their Buy Rating on Deere (DE)

Tipranks - Tipranks - Mon Feb 23, 3:32AM CST

Barclays analyst Adam Seiden maintained a Buy rating on Deere on February 20 and set a price target of $530.00. The company’s shares closed last Friday at $662.49.

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Seiden covers the Industrials sector, focusing on stocks such as Cummins, Caterpillar, and Deere. According to TipRanks, Seiden has an average return of 14.2% and a 65.88% success rate on recommended stocks.

In addition to Barclays, Deere also received a Buy from TipRanks – xAI’s xAi Agricultural – Machinery in a report issued on February 20. However, on the same day, Robert W. Baird maintained a Hold rating on Deere (NYSE: DE).

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Based on Deere’s latest earnings release for the quarter ending January 31, 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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