Oppenheimer Believes Deere (DE) Won’t Stop Here


In a report released today, Kristen Owen from Oppenheimer assigned a Buy rating to Deere (DE), with a price target of $296.00. The company’s shares closed last Thursday at $302.97, close to its 52-week high of $304.00.

According to TipRanks.com, Owen is a 3-star analyst with an average return of 35.3% and a 87.5% success rate. Owen covers the Industrial Goods sector, focusing on stocks such as CNH Industrial, Raven, and Agco.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $289.43 average price target, a -4.4% downside from current levels. In a report issued on January 12, Robert W. Baird also maintained a Buy rating on the stock with a $345.00 price target.

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The company has a one-year high of $304.00 and a one-year low of $106.14. Currently, Deere has an average volume of 1.54M.

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Deere & Co. engages in the manufacturing 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. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.

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