Deere price target raised to $450 from $425 at Stifel

Stifel analyst Stanley Elliott raised the firm’s price target on Deere to $450 from $425 and keeps a Buy rating on the shares. Deere reported results ahead of expectations but lowered full-year guidance, now embedding meaningful inventory reductions in Q4 as inventories across all equipment classes appear too high, the analyst tells investors in a research note. While 2025 remains cloudy, the firm thinks it is closer to the end of the earnings revision period than the beginning