Deere & Co Exec Says Demand For Earthmoving & Compact Construction Equipment Remains Robust, Driven Primarily By Early Stages Of Infrastructure Spending & Rental Re-Fleeting
Portfolio Pulse from Happy Mohamed
Deere & Co's executive has stated that the demand for earthmoving and compact construction equipment remains robust. This is primarily driven by the early stages of infrastructure spending and rental re-fleeting.
August 18, 2023 | 2:17 pm
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POSITIVE IMPACT
Deere & Co is experiencing strong demand for its earthmoving and compact construction equipment, which is likely to boost its revenues.
The robust demand for Deere & Co's earthmoving and compact construction equipment, driven by infrastructure spending and rental re-fleeting, indicates a positive outlook for the company's revenues. This is likely to have a positive impact on the company's stock price in the short term.
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