Citigroup analyst Timothy Thein maintained a Buy rating on Deere (NYSE: DE) today and set a price target of $190. The company’s shares closed yesterday at $142.28.
Thein has an average return of 11.7% when recommending Deere.
According to TipRanks.com, Thein is ranked #1439 out of 4829 analysts.
Currently, the analyst consensus on Deere is Strong Buy and the average price target is $188.75, representing a 32.7% upside.
In a report issued on June 5, Morgan Stanley also reiterated a Buy rating on the stock with a $185 price target.
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The company has a one-year high of $175.26 and a one-year low of $112.87. Currently, Deere has an average volume of 2.81M.
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Deere & Co. manufactures and distributes a complete line of equipment used in agriculture, construction, forestry and turf care. It also manufactures engines and other power train components. It operates its business through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.
