On Nov 22, major Wall Street analysts update their ratings for $Deere (DE.US)$, with price targets ranging from $410 to $538.
Citi analyst Kyle Menges maintains with a hold rating, and adjusts the target price from $420 to $410.
Barclays analyst Adam Seiden maintains with a buy rating, and adjusts the target price from $400 to $475.
UBS analyst Steven Fisher maintains with a hold rating, and adjusts the target price from $408 to $462.
Baird analyst Mircea Dobre maintains with a buy rating, and maintains the target price at $440.
Oppenheimer analyst Kristen Owen maintains with a buy rating, and maintains the target price at $448.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
There were few surprises in the recent quarterly earnings and guidance. Despite ongoing challenges expected into early FY25, the company has effectively positioned itself to align production with retail demand amidst rapidly evolving market conditions.
Deere's shares are anticipated to command a premium over the core market valuation as the "trough" math becomes evident. Nonetheless, the forecast for Deere being heavily weighted towards the second half of fiscal 2025 might carry some downside risks rather than expectations of outperformance.
The cyclical framework aligns with Deere's guide with Brazil stabilizing and a positive pricing outlook for 2025.
Production adjustments are currently resulting in desired outcomes, with dealer destocking observable in both the agricultural and construction sectors. Analysts note that projections for the 2025 North America Large Agriculture sector suggest a further 30% decrease, potentially setting industry volumes at multi-decade lows, with small tractor volumes hitting a 10-year low. Despite these challenges, it is expected that Deere will achieve significantly higher margins and earnings compared to previous cycles, enhancing the usual cyclical multiple expansion based on fundamental troughs.
Here are the latest investment ratings and price targets for $Deere (DE.US)$ from 6 analysts:
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美東時間11月22日，多家華爾街大行更新了$迪爾股份 (DE.US)$的評級，目標價介於410美元至538美元。
花旗分析師Kyle Menges維持持有評級，並將目標價從420美元下調至410美元。
巴克萊銀行分析師Adam Seiden維持買入評級，並將目標價從400美元上調至475美元。
瑞士銀行分析師Steven Fisher維持持有評級，並將目標價從408美元上調至462美元。
貝雅分析師Mircea Dobre維持買入評級，維持目標價440美元。
奧本海默控股分析師Kristen Owen維持買入評級，維持目標價448美元。
此外，綜合報道，$迪爾股份 (DE.US)$近期主要分析師觀點如下：
最近的季度收益和指導基本沒有驚喜。儘管在2025財年初預計仍然會面臨挑戰，但公司已有效地將生產與零售需求對齊，以應對快速變化的市場條件。
迪爾股份的股票預計將以高於核心市場估值的溢價交易，因爲「谷底」數學逐漸顯現。然而，預計迪爾股份在2025財年下半年的預期可能會帶來一些下行風險，而不是超出預期的表現。
週期性框架與迪爾股份的指導保持一致，巴西市場趨於穩定，對2025年的定價展望也較爲積極。
目前的生產調整正產生所需的結果，農業和施工板塊均可觀察到經銷商去庫存的現象。分析師指出，2025年北美大型農業板塊的預測表明，行業總量可能進一步減少30%，可能導致行業整體量降至幾十年來的最低水平，小型拖拉機的銷量則達到10年來的新低。儘管面臨這些挑戰，預計迪爾股份將實現顯著更高的利潤率和盈利能力，相較於之前的週期，這將提高基於基本谷底的常規週期性市盈率擴大。
以下爲今日6位分析師對$迪爾股份 (DE.US)$的最新投資評級及目標價：
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