Deere shares are trading lower after Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $456 to $424.
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Deere's stock from Outperform to In-Line and reduced its price target from $456 to $424. This has resulted in Deere's shares trading lower.
September 19, 2023 | 1:56 pm
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NEGATIVE IMPACT
Deere's stock has been downgraded by Evercore ISI Group, leading to a decrease in its share price.
The downgrade by Evercore ISI Group from Outperform to In-Line and the reduction in price target from $456 to $424 has negatively impacted investor sentiment, leading to a decrease in Deere's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100