Goldman Sachs analysts added Deere (DE) to the firm’s US Conviction List as part of its monthly update. The firm expects a positive inflection in earnings as the company approaches a cyclical trough for agriculture equipment inventory, plus the realization of benefits from the roll-out of a “nascent” subscription business. Goldman has a Buy rating on Deere with a $583 price target
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DE: