Deere Posts Q4 Beat: 2025 Outlook Isn't Rosy But Company Has 'Relative Strength,' Analysts Say
John Deere(DE) Benzinga·2024-11-23 00:45
Deere & Co. DE shares inched higher in early trading on Friday, after the company reported upbeat fiscal fourth-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Goldman Sachs On Deere & Co.Analyst Jerry Revich maintained a Buy rating while raising the price target from $466 to $504.Deere's fiscal fourth-quarter results revealed sa ignificant inventory destock of $2.6 billion "to bring dealer inventories to levels approaching prior trough, ...