JP Morgan Maintains Neutral on Deere, Raises Price Target to $420
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains a Neutral rating on Deere (NYSE:DE) but raises the price target from $360 to $420.
October 11, 2024 | 1:33 pm
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JP Morgan has maintained a Neutral rating on Deere but increased the price target from $360 to $420, indicating a positive outlook on the stock's potential.
The increase in price target from $360 to $420 by JP Morgan suggests a positive outlook for Deere's stock, despite the Neutral rating. This could lead to a short-term positive impact on the stock price as investors may interpret the higher price target as a sign of potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100