Deere (DE) Receives a Buy from Credit Suisse


Credit Suisse analyst Jamie Cook maintained a Buy rating on Deere (DE) yesterday and set a price target of $211. The company’s shares closed yesterday at $158.84.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.1% and a 54.9% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Aecom Technology Corp, and Jacobs Engineering.

Deere has an analyst consensus of Strong Buy, with a price target consensus of $181.13, representing a 14.0% upside. In a report issued on January 9, Argus Research also maintained a Buy rating on the stock with a $170 price target.

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Deere’s market cap is currently $50.58B and has a P/E ratio of 22.03. The company has a Price to Book ratio of 4.48.

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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.

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