Deutsche Bank Maintains Hold on Deere, Lowers Price Target to $401
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase has maintained a Hold rating on Deere & Co. (DE) and lowered the price target from $425 to $401.
February 16, 2024 | 8:54 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Deutsche Bank maintains a Hold rating on Deere & Co. and reduces the price target from $425 to $401.
The adjustment in price target by a major bank like Deutsche Bank, while maintaining a Hold rating, suggests a recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to short-term price adjustments as the market digests the new target, but the Hold rating indicates that the bank does not foresee significant downside or upside in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100