DA Davidson lowered the firm’s price target on Deere (DE) to $685 from $775 and keeps a Buy rating on the shares. The company’s Q2 earnings and sales beat expectations thanks in part to tariff refunds but the management’s guidance was maintained despite an improved outlook for Construction and Forestry segment, the analyst tells investors in a research note. The firm adds that it still believes that Deere shares are poised for yet another run as actual Heavy Ag activity turns positive.
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