Deere price target lowered to $371 from $387 at Evercore ISI

Evercore ISI analyst David Raso lowered the firm’s price target on Deere to $371 from $387 and keeps an In Line rating on the shares. After visiting ag dealer contacts in Iowa, the firm is lowering its FY24-FY26 EPS estimates for Deere, stating that as the market leader, Deere is trying to hold price, but competitors being more aggressive “suggests it may be hard for DE to hold the line.”