Deere Stock Is Rising. Strong Earnings Tops Weak Guidance. -- Barrons.com
The demand outlook for agriculture equipment is weak, and deere's profit guidance for fiscal year 2025 is below expectations.
The world's largest agricultural machinery manufacturer, Deere & Company, announced its fourth-quarter performance.
Deere's Earnings Are Dropping. The Next Results Are Due Thursday. -- Barrons.com
JPMorgan's 'Analyst Focus List' – Growth, Income, Value, Short Ideas
Major Bank Rating | Citibank: Downgraded target price for agriculture equipment manufacturers due to weak retail demand next year.
Citigroup has lowered the target price for Deer Company from $420 to $410, for AGCO Corporation from $100 to $95, and for Sky New from $15 to $13. Analysts indicated that expectations have been comprehensively revised downward, with a significant reduction in the forecast for 2025, as grain price outlook and dealer inventory levels will face challenges this year. Agriculture equipment manufacturers also expect that retail demand will remain weak at least until the first half of 2025. (Gelonghui)
Citi Maintains AGCO Corp(AGCO.US) With Hold Rating, Cuts Target Price to $95