On Nov 26, major Wall Street analysts update their ratings for $Deere (DE.US)$, with price targets ranging from $450 to $505.
Morgan Stanley analyst Angel Castillo maintains with a buy rating, and adjusts the target price from $425 to $450.
J.P. Morgan analyst Ann Duignan maintains with a hold rating, and adjusts the target price from $425 to $450.
Barclays analyst Adam Seiden maintains with a buy rating, and maintains the target price at $475.
D.A. Davidson analyst Michael Shlisky maintains with a buy rating, and maintains the target price at $505.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
Despite Deere's FY25 implied EPS guidance of $18-$20 not meeting consensus, it matches buyside expectations and accounts for global agricultural market challenges. The Q4 results and guidance suggest that normalized EPS may reach the mid-20s, reinforcing a positive outlook.
Following the Q4 earnings, the risk-reward appears balanced with few surprises in the quarter and the guidance. Despite ongoing challenges as FY25 begins, Deere has effectively positioned itself to meet retail demand in rapidly evolving markets.
Post fiscal Q4 report, Deere's shares are expected to potentially command a premium over core market valuations as the clarity on the lowest expected values ('trough' math) emerges. However, there appears to be some downside risk associated with Deere's guidance for the latter half of fiscal 2025, which may challenge it being surpassed.
The analyst notes that the cyclical framework is in alignment with Deere's guidance, with Brazil showing signs of stabilization and a positive pricing outlook for 2025.
Deere is approaching FY25 from a strong footing after successfully implementing its targeted underproduction strategy in Q4. Although the future projections aren't entirely positive, the guidance includes an expectation for production pacing to align with demand. This outlook is seen as conservative, likely representing the 'last major reduction,' which aids in the cyclical adjustment of its valuation.
Here are the latest investment ratings and price targets for $Deere (DE.US)$ from 4 analysts:
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美东时间11月26日，多家华尔街大行更新了$迪尔股份 (DE.US)$的评级，目标价介于450美元至505美元。
摩根士丹利分析师Angel Castillo维持买入评级，并将目标价从425美元上调至450美元。
摩根大通分析师Ann Duignan维持持有评级，并将目标价从425美元上调至450美元。
巴克莱银行分析师Adam Seiden维持买入评级，维持目标价475美元。
戴维森信托分析师Michael Shlisky维持买入评级，维持目标价505美元。
此外，综合报道，$迪尔股份 (DE.US)$近期主要分析师观点如下：
尽管迪尔股份的2025财年隐含每股收益预测在18到20美元未能达到共识，但它符合买方预期，并考虑到全球农产品市场的挑战。第四季度的业绩和指导显示，正常化的每股收益可能达到中20美元，这进一步强化了积极的前景。
在第四季度收益发布后，风险回报似乎相对平衡，这一季度和指导都没有太多惊喜。尽管2025财年开始时面临持续挑战，迪尔股份已有效定位以满足快速变化市场中的零售需求。
在财政第四季度报告后，预计迪尔股份的股票有可能在核心市场估值上占据溢价，随时会在最低预期值（‘低谷’数学）明确呈现。然而，迪尔股份对2025财年下半年的指导似乎存在一些下行风险，这可能对超越该值构成挑战。
分析师指出，周期性框架与迪尔股份的指导一致，巴西显示出稳定的迹象，并对2025年持积极的定价前景。
迪尔股份在成功实施其目标性减产策略后，正以强大的基础接近2025财年。尽管未来的预测并不完全积极，但指导中包括了生产步伐与需求保持一致的预期。这一前景被视为保守的，可能代表着‘最后一次重大减产’，这有助于其估值的周期性调整。
以下为今日4位分析师对$迪尔股份 (DE.US)$的最新投资评级及目标价：
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