Deere & Co Exec Says Co "Trimmed" Equipment Production In Brazil On The Back Half Of 2023
Portfolio Pulse from Happy Mohamed
Deere & Co has reportedly 'trimmed' equipment production in Brazil in the latter half of 2023, according to a company executive.
August 18, 2023 | 2:22 pm
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NEGATIVE IMPACT
Deere & Co's decision to trim equipment production in Brazil could potentially impact its revenues and profitability.
Deere & Co's decision to trim production in Brazil, a significant market, could lead to reduced sales and profitability. This could negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100