Deere price target raised to $531 from $512 at Oppenheimer

Oppenheimer raised the firm’s price target on Deere (DE) to $531 from $512 and keeps an Outperform rating on the shares. The firm says that price/cost positive for FY26 is a feat in light of $1.2B in tariff headwinds, and the acceleration of technology adoption establishes a strong foundation into the next cycle. Oppenheimer believes investors are likely to digest the print and hone their models ahead of the December 8 investor day, suggesting more of a grind for shares into calendar year-end, with minimal damage to the long-term bullish outlook.