Barclays raises Deere PT to $670, keeps Buy rating
Barclays lifted its Deere price target to $670 from $640 and maintained a Buy rating, citing comments on the Agriculture Cycle and confidence around orders into fiscal 2027.
DE Barclays raised its price target on Deere to $670 from $640.
Kept its buy rating.
After a multiyear downturn in the Agriculture Cycle, analysts said Deere's comments last week made investors feel more confident about orders going into fiscal 2027.
Deere is a conservative team, so saying 2026 is the bottom of the Cycle matters.
That's why the stock rose 7% on Thursday and tacked on another 4% Friday. - per Cramer Investing Club Newsletter