Deere price target raised to $485 from $475 at Argus

Argus raised the firm’s price target on Deere to $485 from $475 and keeps a Buy rating on the shares. The company’s management understands and does a good job of managing the factors it can control, such as pricing and costs, the analyst tells investors in a research note. The firm further states that Deere’s sales and earnings are benefitting in the current environment from relatively high commodity prices while its volumes are also picking up.