Morgan Stanley Maintains Overweight on Deere, Lowers Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Angel Castillo maintains an Overweight rating on Deere (NYSE:DE) but lowers the price target from $450 to $425.
August 26, 2024 | 4:55 pm
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Morgan Stanley has maintained its Overweight rating on Deere but reduced the price target from $450 to $425, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Deere's performance, but the lowered price target indicates a tempered outlook, which could lead to a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100