Check Out What Whales Are Doing With Deere
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Deere (NYSE:DE), with 55% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $380.0 to $480.0 for Deere over the last 3 months. BMO Capital has maintained their Market Perform rating on Deere, with a price target of $425, while Canaccord Genuity downgraded its action to Buy with a price target of $530.
July 03, 2023 | 5:33 pm
News sentiment analysis
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NEUTRAL IMPACT
Bearish sentiment among investors could put downward pressure on Deere's stock price. However, the analyst ratings from BMO Capital and Canaccord Genuity suggest a positive outlook.
The bearish sentiment among investors, indicated by the high number of put options, could lead to a short-term decrease in Deere's stock price. However, the positive analyst ratings from BMO Capital and Canaccord Genuity could counteract this effect and lead to a neutral or positive impact in the longer term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100