Deere (DE) Receives a Buy from Credit Suisse


In a report released today, Jamie Cook from Credit Suisse maintained a Buy rating on Deere (DE), with a price target of $209. The company’s shares closed on Friday at $158.99.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.1% and a 57.8% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Fluor Corp.

Deere has an analyst consensus of Moderate Buy, with a price target consensus of $179.67, representing a 13.0% upside. In a report released today, UBS also reiterated a Buy rating on the stock with a $177 price target.

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Deere’s market cap is currently $50.63B and has a P/E ratio of 22.05. The company has a Price to Book ratio of 4.49.

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Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.