Deere price target raised to $513 from $510 at Oppenheimer

Oppenheimer raised the firm’s price target on Deere (DE) to $513 from $510 and keeps an Outperform rating on the shares. Amid tariff and macro uncertainty, agriculture has “proved a relatively resilient pocket of the market,” the analyst tells investors in a research note. The firm says that while not immune to tariffs and retaliatory measures, ag’s fundamental setup coming into 2025 remains intact. The potential for government subsidies helps dampen the economic impact on farmer customers, contends Oppenheimer.