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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美东时间11月22日，多家华尔街大行更新了$迪尔股份 (DE.US)$的评级，目标价介于410美元至538美元。
花旗分析师Kyle Menges维持持有评级，并将目标价从420美元下调至410美元。
巴克莱银行分析师Adam Seiden维持买入评级，并将目标价从400美元上调至475美元。
瑞士银行分析师Steven Fisher维持持有评级，并将目标价从408美元上调至462美元。
贝雅分析师Mircea Dobre维持买入评级，维持目标价440美元。
奥本海默控股分析师Kristen Owen维持买入评级，维持目标价448美元。
此外，综合报道，$迪尔股份 (DE.US)$近期主要分析师观点如下：
最近的季度收益和指导基本没有惊喜。尽管在2025财年初预计仍然会面临挑战，但公司已有效地将生产与零售需求对齐，以应对快速变化的市场条件。
迪尔股份的股票预计将以高于核心市场估值的溢价交易，因为“谷底”数学逐渐显现。然而，预计迪尔股份在2025财年下半年的预期可能会带来一些下行风险，而不是超出预期的表现。
周期性框架与迪尔股份的指导保持一致，巴西市场趋于稳定，对2025年的定价展望也较为积极。
目前的生产调整正产生所需的结果，农业和施工板块均可观察到经销商去库存的现象。分析师指出，2025年北美大型农业板块的预测表明，行业总量可能进一步减少30%，可能导致行业整体量降至几十年来的最低水平，小型拖拉机的销量则达到10年来的新低。尽管面临这些挑战，预计迪尔股份将实现显著更高的利润率和盈利能力，相较于之前的周期，这将提高基于基本谷底的常规周期性市盈率扩大。
以下为今日6位分析师对$迪尔股份 (DE.US)$的最新投资评级及目标价：
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