J.P. Morgan analyst Tami Zakaria maintains $Deere (DE.US)$ with a hold rating, and adjusts the target price from $360 to $420.
According to TipRanks data, the analyst has a success rate of 69.7% and a total average return of 19.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
Following discussions with management, expectations have been formed that Deere will present fiscal 2025 guidance that encompasses the consensus, surpassing the more conservative earnings per share predictions. Achievability of the current consensus estimates for fiscal 2025 is seen as likely if retail sales in Brazil find stability and if the market conditions in North America do not continue to deteriorate.
Updates to the machinery sector models have been made in anticipation of the third-quarter earnings. There is an expectation that conditions in most machinery markets have moderated during the latter half of 2024. It's anticipated that the remainder of the year will see manufacturers reducing production and adopting a cautious stance as they look ahead to 2025, seeking clarity on the Federal Reserve's actions, the outcome of the U.S. election, and the effects of China's economic initiatives.
Note:
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