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Deere price target lowered to $525 from $550 at Citi

Citi lowered the firm’s price target on Deere (DE) to $525 from $550 and keeps a Neutral rating on the shares. The firm thinks 2025 being the trough of the cycle for agriculture machinery is coming into focus but that will take some time for manufacturers to reach Citi’s mid-cycle earnings estimates.

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