These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Deere & Co (NYSE:DE) reported better-than-expected Q3 results, with net sales and revenue of $13.152 billion and EPS of $6.29, both beating consensus estimates. The company reaffirmed its 2024 net income outlook and announced involuntary employee-separation programs. Analysts from B of A Securities and Citigroup raised their price targets for Deere following the earnings announcement.
August 16, 2024 | 1:13 pm
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Deere & Co reported better-than-expected Q3 results, with net sales and revenue of $13.152 billion and EPS of $6.29, both beating consensus estimates. The company reaffirmed its 2024 net income outlook and announced involuntary employee-separation programs. Analysts from B of A Securities and Citigroup raised their price targets for Deere following the earnings announcement.
Deere's better-than-expected Q3 results and reaffirmed 2024 outlook are positive indicators for the stock. The raised price targets by analysts further support a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100