Deere price target raised to $612 from $609 at Truist

Truist raised the firm’s price target on Deere (DE) to $612 from $609 and keeps a Buy rating on the shares after its Q4 results and guidance. The FY26 guide is weighed down by lower than expected implied Q1 earnings as Deere made the decision to limit production in Production & Precision Ag for first quarter in the June-August timeframe, the analyst tells investors in a research note. As a result, the segment’s Q1 sales are guided to be flat and margins depressed in the low single digit range, the firm notes, adding however that farmer sentiment has improved reflecting new trade agreements, growing demand for biodiesel, strong crop yields and consumption, and government subsidies to farmers.