Melius Research Downgrades Deere to Hold
Portfolio Pulse from Benzinga Newsdesk
Melius Research analyst Rob Wertheimer has downgraded Deere & Company (NYSE:DE) from Buy to Hold, indicating a shift in their outlook on the company's stock.
January 08, 2024 | 3:43 pm
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NEUTRAL IMPACT
Deere & Company was downgraded by Melius Research from Buy to Hold, which may lead to a neutral or slightly negative investor sentiment in the short term.
Downgrades by analysts can often lead to a short-term negative reaction in the stock market as they may signal a change in the company's future growth prospects or valuation. However, the change from Buy to Hold suggests a neutral stance rather than a negative one, which may limit the downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100