Deere Gets Price Target Cuts By Analysts After Q2 Results
Portfolio Pulse from Lisa Levin
Deere & Company reported better-than-expected Q2 financial results with net sales and revenue growth of 30% YoY to $17.39 billion. However, several analysts cut their price targets on Deere following the earnings announcement.
May 22, 2023 | 12:16 pm
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Deere's Q2 results beat expectations, but analysts cut price targets, potentially affecting the stock's short-term performance.
Deere reported strong Q2 results, but the stock price fell 1.9% on Friday and lost 0.2% in pre-market trading. Analysts from B of A Securities, Wells Fargo, Baird, Stifel, and Morgan Stanley cut their price targets on Deere, which may negatively impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100