Evercore ISI Group Downgrades Deere to In-Line, Lowers Price Target to $424
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Raso has downgraded Deere (NYSE:DE) from Outperform to In-Line and lowered the price target from $456 to $424.
September 19, 2023 | 9:45 am
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Deere's rating has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target from $456 to $424.
The downgrade from Outperform to In-Line suggests that the analyst believes Deere's stock will perform about as well as other stocks in the market, rather than outperforming them. The lowered price target from $456 to $424 indicates a less optimistic outlook for the stock's future performance. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100