Deere price target raised to $556 from $495 at BofA

BofA raised the firm’s price target on Deere (DE) to $556 from $495 and keeps a Neutral rating on the shares following what the firm calls an “impressive” fiscal Q2, noting that the company reported its strongest quarterly margin performance this downcycle. While the firm sees uncertainty around the torque of the ag cycle recovery, there is evidence that the equipment cycle is likely “caught up” with ag into 2026, the analyst tells investors in a post-earnings note.