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Deere price target raised to $505 from $425 at Citi
The Fly

Deere price target raised to $505 from $425 at Citi

Citi analyst Timothy Thein raised the firm’s price target on Deere to $505 from $425 and keeps a Buy rating on the shares post the Q4 results. The analyst increased out-year estimates on account of greater carry-over pricing benefits, and he has higher confidence in overall large ag equipment fundamentals.

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