Deere price target raised to $610 from $583 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Deere (DE) to $610 from $583 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is positive on the company disclosing manageable tariff headwind, lower production costs, the completion of dealer destock following six consecutive quarters of supply cuts, and strong Precision Ag momentum, particularly in Brazil, the analyst tells investors in a research note.