Oppenheimer Maintains Outperform on Deere, Lowers Price Target to $458
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Noah Kaye has maintained an 'Outperform' rating on Deere (NYSE:DE) but lowered the price target from $467 to $458.
August 21, 2023 | 12:32 pm
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NEUTRAL IMPACT
Deere's price target has been lowered by Oppenheimer from $467 to $458, although the 'Outperform' rating is maintained.
The lowering of the price target might create a negative sentiment among investors, potentially putting downward pressure on the stock. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100