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Wells Fargo Sticks to Its Buy Rating for Deere (DE)

Tipranks - Fri Mar 6, 4:38AM CST

Wells Fargo analyst Jerry Revich maintained a Buy rating on Deere on March 3 and set a price target of $750.00. The company’s shares closed yesterday at $619.22.

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According to TipRanks, Revich is a 5-star analyst with an average return of 9.2% and a 57.88% success rate. Revich covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Deere.

In addition to Wells Fargo, Deere also received a Buy from TipRanks – OpenAI’s OpenAI Agricultural – Machinery in a report issued on February 28. However, yesterday, J.P. Morgan maintained a Hold rating on Deere (NYSE: DE).

Based on Deere’s latest earnings release for the quarter ending February 1, 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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