RBC Capital analyst Sabahat Khan initiated coverage of Deere (DE) with an Outperform rating and $542 price target The company has invested significant resources in technology and R&D to develop a full range of data-enabled offerings, and increased uptake of its hardware and connectivity offerings helps support its moat, embed customers into its ecosystem, and reduce the cyclicality of its results over time, the analyst tells investors in a research note.
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