Reported 1 day ago
Analysts have increased their price forecasts for Deere & Company (NYSE:DE) after the company's second-quarter results, which revealed a 16% year-over-year decline in net sales to $12.76 billion. Despite these challenges, Deere's expected FY25 net income range has been adjusted to between $4.75 billion and $5.5 billion. Raymond James analyst Tim Thein noted a minor impact from tariffs on the Production & Precision Agriculture segment and maintained a price forecast increase from $530 to $560. Overall, the strong second-quarter performance has led to a positive outlook for the company, despite some margin reductions for the second half of the year.
Source: YAHOO