Deere Exec Says Construction And Forestry Market Demand Outlook Remains Mixed With Uncertainty In Housing And Commercial Investments
Portfolio Pulse from Benzinga Newsdesk
During a conference call, an executive from Deere & Company discussed the current state of the construction and forestry market, indicating that the demand outlook remains mixed. The executive highlighted uncertainty in housing and commercial investments as contributing factors to the market's unpredictability.
November 22, 2023 | 3:08 pm
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Deere & Company's executive has reported a mixed demand outlook in the construction and forestry market, with specific concerns about the housing and commercial investment sectors.
The executive's comments about market uncertainty, particularly in housing and commercial investments, could lead to cautious investor sentiment. However, the mixed outlook suggests that there are both positive and negative factors at play, which may balance out the short-term impact on Deere & Company's stock price.
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