Oppenheimer Maintains Outperform on Deere, Lowers Price Target to $436
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Noah Kaye maintains an Outperform rating on Deere (NYSE:DE) but lowers the price target from $492 to $436.
May 22, 2023 | 12:57 pm
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NEUTRAL IMPACT
Deere's price target has been lowered by Oppenheimer analyst Noah Kaye from $492 to $436, while maintaining an Outperform rating.
The news of Oppenheimer lowering Deere's price target may have a neutral short-term impact on the stock price. While the price target has been reduced, the Outperform rating is maintained, indicating that the analyst still believes in the company's potential for growth. This mixed signal may not lead to a significant change in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100