BofA analyst Michael Feniger raised the firm’s price target on Deere to $484 from $478 and keeps a Neutral rating on the shares. The company reported a "clean" beat and raise quarter with pricing better than expected in the 2023 outlook, the analyst tells investors in a research note.
Published first on TheFly
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Read More on DE:
- Deere price target raised to $512 from $470 at Baird
- Deere sees demand exceeding industry’s ability to produce in 2023
- Early notable gainers among liquid option names on February 17th
- Unusually active option classes on open February 17th
- Deere sees FY23 net income $8.75B-$9.25B, effective tax rate 23%-25%
