On Nov 22, major Wall Street analysts update their ratings for $Deere (DE.US)$, with price targets ranging from $410 to $538.
Citi analyst Kyle Menges maintains with a hold rating, and adjusts the target price from $420 to $410.
Barclays analyst Adam Seiden maintains with a buy rating, and adjusts the target price from $400 to $475.
UBS analyst Steven Fisher maintains with a hold rating, and adjusts the target price from $408 to $462.
Baird analyst Mircea Dobre maintains with a buy rating, and maintains the target price at $440.
Oppenheimer analyst Kristen Owen maintains with a buy rating, and maintains the target price at $448.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
There were few surprises in the recent quarterly earnings and guidance. Despite ongoing challenges expected into early FY25, the company has effectively positioned itself to align production with retail demand amidst rapidly evolving market conditions.
Deere's shares are anticipated to command a premium over the core market valuation as the "trough" math becomes evident. Nonetheless, the forecast for Deere being heavily weighted towards the second half of fiscal 2025 might carry some downside risks rather than expectations of outperformance.
The cyclical framework aligns with Deere's guide with Brazil stabilizing and a positive pricing outlook for 2025.
Production adjustments are currently resulting in desired outcomes, with dealer destocking observable in both the agricultural and construction sectors. Analysts note that projections for the 2025 North America Large Agriculture sector suggest a further 30% decrease, potentially setting industry volumes at multi-decade lows, with small tractor volumes hitting a 10-year low. Despite these challenges, it is expected that Deere will achieve significantly higher margins and earnings compared to previous cycles, enhancing the usual cyclical multiple expansion based on fundamental troughs.
Here are the latest investment ratings and price targets for $Deere (DE.US)$ from 6 analysts:
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美東時間11月22日，多家華爾街大行更新了$迪爾股份 (DE.US)$的評級，目標價介於410美元至538美元。
花旗分析師Kyle Menges維持持有評級，並將目標價從420美元下調至410美元。
巴克萊銀行分析師Adam Seiden維持買入評級，並將目標價從400美元上調至475美元。
瑞士銀行分析師Steven Fisher維持持有評級，並將目標價從408美元上調至462美元。
貝雅分析師Mircea Dobre維持買入評級，維持目標價440美元。
奧本海默控股分析師Kristen Owen維持買入評級，維持目標價448美元。
此外，綜合報道，$迪爾股份 (DE.US)$近期主要分析師觀點如下：
最近的季度收益和指引並沒有太多意外。儘管在2025財年初預計會面臨持續挑戰，但公司已有效定位自身，能夠在快速變化的市場環境中調整生產以滿足零售需求。
隨着"底部"數學的逐漸顯現，迪爾股份的股價預計將在覈心市場估值上獲得溢價。然而，迪爾在2025財年下半年的業績預測可能會帶來一些下行風險，而不是超越預期。
週期框架與迪爾的指引相一致，巴西市場趨於穩定，2025年的價格前景樂觀。
目前的生產調整正在產生預期的效果，農產品和施工板塊的經銷商正在減少庫存。分析師指出，2025年北美大型農業板塊的預測表明，行業銷量可能再減少30%，將行業銷量壓至數十年來的低點，小型拖拉機的銷量將觸及10年來的低點。儘管面臨這些挑戰，預計迪爾股份的利潤和收益將顯著高於以往週期，從而基於基本的低谷實現通常的週期性倍數擴張。
以下爲今日6位分析師對$迪爾股份 (DE.US)$的最新投資評級及目標價：
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