HSBC Initiates Coverage On Deere with Buy Rating, Announces Price Target of $486
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks has initiated coverage on Deere (NYSE:DE) with a Buy rating and a price target of $486.
September 15, 2023 | 9:50 am
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HSBC has initiated coverage on Deere with a Buy rating and a price target of $486, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, HSBC's Buy rating and high price target for Deere indicate a positive outlook for the company, which could lead to an increase in its stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100