BMO Capital Sticks to Its Hold Rating for Deere (DE)

In a report released today, John Joyner from BMO Capital maintained a Hold rating on Deere (DEResearch Report), with a price target of $375.00. The company’s shares closed yesterday at $388.15.

Joyner covers the Industrial Goods sector, focusing on stocks such as Paccar, Carlisle Companies, and Deere. According to TipRanks, Joyner has an average return of 3.2% and a 66.67% success rate on recommended stocks.

In addition to BMO Capital, Deere also received a Hold from Deutsche Bank’s Nicole Deblase in a report issued on August 22. However, on August 24, Argus Research maintained a Buy rating on Deere (NYSE: DE).

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Based on Deere’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $14.1 billion and a net profit of $1.88 billion. In comparison, last year the company earned a revenue of $11.53 billion and had a net profit of $1.67 billion

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.

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Founded in 1837, Illinois-based Deere & Co. manufactures and distributes various equipment that is used in agriculture, construction, forestry, and turf care. The company operates through three business segments: Agriculture and Turf, Construction and Forestry, and Financial Services.

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