Deere price target raised to $510 from $485 at Wells Fargo

Wells Fargo analyst Seth Weber raised the firm’s price target on Deere to $510 from $485 and keeps an Overweight rating on the shares. The company posted a big Q1 earnings beat and fiscal 2023 guidance raise that reflects strong execution and margins in end markets that should "remain healthy," the analyst tells investors in a research note. The firm sees more room for the shares to run.