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J.P. Morgan Remains a Hold on Deere (DE)

Tipranks - Tipranks - Thu Mar 12, 6:26AM CDT

J.P. Morgan analyst Tami Zakaria maintained a Hold rating on Deere yesterday. The company’s shares closed yesterday at $592.72.

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According to TipRanks, Zakaria is a 5-star analyst with an average return of 12.2% and a 61.79% success rate. Zakaria covers the Industrials sector, focusing on stocks such as Deere, Oshkosh, and Paccar.

In addition to J.P. Morgan, Deere also received a Hold from Citi’s Kyle Menges in a report issued yesterday. However, on March 5, Wells Fargo assigned a Buy rating to Deere (NYSE: DE).

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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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