Deere price target raised to $672 from $502 at BofA

BofA raised the firm’s price target on Deere (DE) to $672 from $502 and keeps a Neutral rating on the shares after the company delivered “its first big ‘beat & raise’ in years.” Deere’s EPS is bottoming out and “there is significant torque in the model when Large Ag inflects,” the analyst tells investors.