Deere (NYSE:DE) has been upgraded from Neutral to Buy in a statement by BofA Merrill earlier today.
- Updated: December 1, 2016
BofA Merrill has upgraded Deere (NYSE:DE) from Neutral to Buy in a statement released on Thursday December 01, 2016.
Boasting a price of $100.20, Deere (NYSE:DE) traded -0.15% lower on the day. With the last close up 18.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Deere has recorded a 50-day average of $89.76 and a two hundred day average of $84.31. Volume of trade was up over the average, with 5,152,609 shares of DE changing hands over the typical 2,996,760
With a total market value of $0, Deere has 52 week low of $70.16 and a 52 week high of $104.83 with a P/E ratio of 20.83 .
In addition to BofA Merrill reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is $78.26 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 12 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Deere (NYSE:DE)
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company's agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Company's construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Company's financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.
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