Deere’s new products were ‘talk of the show’ at CES, says DA Davidson

DA Davidson analyst Michael Shlisky keeps Deere at Buy with an unchanged $520 price target on the stock but notes that the company’s new product such as the ExactShot fertilizer/planting system and the electrified excavator were the "talk of the show" at CES in Las Vegas. It is clear that Deere is preparing itself for a future with substantially lower corn and soybean acreage, and could come out the other side with even better margins and more-consistent cash flow than today, the analyst tells investors in a research note.