Deere price target raised to $542 from $505 at DA Davidson

DA Davidson raised the firm’s price target on Deere (DE) to $542 from $505 and keeps a Buy rating on the shares. The company’s Q1 results were short of expectations, but its FY25 full-year guidance was maintained as Deere seeks to optimize its production schedule, the analyst tells investors in a research note. Deere also provided plenty of evidence that Ag is going to trough in 2025, with higher crop prices and an improving used market seen as being among the factors, the firm adds.