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Bernstein Sticks to Their Hold Rating for Deere (DE)

Tipranks - Tipranks - Thu Mar 19, 7:02AM CDT

Bernstein analyst Chad Dillard maintained a Hold rating on Deere yesterday and set a price target of $615.00. The company’s shares closed yesterday at $574.26.

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According to TipRanks, Dillard is a 4-star analyst with an average return of 7.6% and a 60.00% success rate. Dillard covers the Industrials sector, focusing on stocks such as Cummins, Hubbell B, and Caterpillar.

In addition to Bernstein, Deere also received a Hold from J.P. Morgan’s Tami Zakaria in a report issued on March 10. 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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