Deere price target raised to $391 from $355 at Bernstein

Bernstein raised the firm’s price target on Deere to $391 from $355 and keeps a Market Perform rating on the shares following the fiscal Q4 report. Deere’s business is structurally improved and it is more effectively managing inventories, the analyst tells investors in a research note. The firm came out of the print incrementally positive on Deere.