Deere price target raised to $530 from $475 at Barclays

Barclays raised the firm’s price target on Deere (DE) to $530 from $475 and keeps an Overweight rating on the shares. The “greatest headwinds of the ag cycle are likely past Deere,” contends the analyst, who adds that commodities, policy and the used market, paired with past progress, “could keep this cycle low shorter in length.”