Deere (NYSE:DE) Pre-Earnings: Analysts Expect Significant Declines in Q4
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Will Lower Demand and Volumes Impact Deere's Earnings in Q4?
Bernstein Adjusts Deere & Company Price Target to $400 From $342, Maintains Market Perform Rating
Express News | Deere & Co : Raymond James Raises Target Price to $435 From $420
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Major bank rating | Citigroup: Downgrades target price for agricultural equipment manufacturers due to weak retail demand next year.
Citigroup has lowered the target price for Deere & Company from $420 to $410, for AGCO Corporation from $100 to $95, and for Case New Holland from $15 to $13. Analysts indicated that expectations have been comprehensively revised downwards, significantly for the year 2025, as the outlook for grain prices and dealer inventory levels will face challenges this year. Agriculture equipment manufacturers also anticipate that retail demand will remain weak at least until the first half of 2025. (Gelonghui)
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Earnings Preview: Deere to Report Financial Results on November 21
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Jefferies Maintains Deere(DE.US) With Buy Rating, Maintains Target Price $495
Express News | Deere & Co : Citigroup Cuts Target Price to $410 From $420
"Trump trade" remains popular, but how much longer can it last.
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.