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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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.
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IMPORTANCE 70
RELEVANCE 100