On Nov 26, major Wall Street analysts update their ratings for $Deere (DE.US)$, with price targets ranging from $450 to $505.
Morgan Stanley analyst Angel Castillo maintains with a buy rating, and adjusts the target price from $425 to $450.
J.P. Morgan analyst Ann Duignan maintains with a hold rating, and adjusts the target price from $425 to $450.
Barclays analyst Adam Seiden maintains with a buy rating, and maintains the target price at $475.
D.A. Davidson analyst Michael Shlisky maintains with a buy rating, and maintains the target price at $505.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
Despite Deere's FY25 implied EPS guidance of $18-$20 not meeting consensus, it matches buyside expectations and accounts for global agricultural market challenges. The Q4 results and guidance suggest that normalized EPS may reach the mid-20s, reinforcing a positive outlook.
Following the Q4 earnings, the risk-reward appears balanced with few surprises in the quarter and the guidance. Despite ongoing challenges as FY25 begins, Deere has effectively positioned itself to meet retail demand in rapidly evolving markets.
Post fiscal Q4 report, Deere's shares are expected to potentially command a premium over core market valuations as the clarity on the lowest expected values ('trough' math) emerges. However, there appears to be some downside risk associated with Deere's guidance for the latter half of fiscal 2025, which may challenge it being surpassed.
The analyst notes that the cyclical framework is in alignment with Deere's guidance, with Brazil showing signs of stabilization and a positive pricing outlook for 2025.
Deere is approaching FY25 from a strong footing after successfully implementing its targeted underproduction strategy in Q4. Although the future projections aren't entirely positive, the guidance includes an expectation for production pacing to align with demand. This outlook is seen as conservative, likely representing the 'last major reduction,' which aids in the cyclical adjustment of its valuation.
Here are the latest investment ratings and price targets for $Deere (DE.US)$ from 4 analysts:
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美东时间11月26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450美元至505美元。
摩根士丹利分析师Angel Castillo维持买入评级，并将目标价从425美元上调至450美元。
摩根大通分析师Ann Duignan维持持有评级，并将目标价从425美元上调至450美元。
巴克莱银行分析师Adam Seiden维持买入评级，维持目标价475美元。
戴维森信托分析师Michael Shlisky维持买入评级，维持目标价505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：
尽管迪尔股份的FY25隐含每股收益指引为18-20美元未及市场共识，但与买方的预期相符，并考虑了全球农产品市场的挑战。第四季度的业绩和指引表明，正常化的每股收益可能达到中20左右，进一步加强了乐观展望。
在第四季度业绩之后，风险与回报的匹配似乎较为平衡，因为季度和指引中几乎没有意外。尽管FY25的挑战依然存在，但迪尔股份已经有效地定位自己以满足快速变化市场中的零售需求。
在财政第四季度报告之后，预计迪尔股份的股票可能会在核心市场估值之上获得溢价，因为对最低预期值（'谷底'估算）变得更加清晰。然而，迪尔股份对2025财政下半年指引的某些下行风险似乎仍然存在，这可能会影响其超过预期值的能力。
分析师指出，周期性框架与迪尔股份的指引一致，巴西显示出稳定的迹象，并对2025年的定价前景持积极态度。
在成功实施其针对性的低产量策略后，迪尔股份正以强大的基础向FY25迈进。尽管未来的预测并不完全乐观，但指引中包括了生产节奏与需求对齐的预期。这一展望被视为保守的，可能代表“最后一次重大降低”，这有助于其估值的周期性调整。
以下为今日4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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