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Investment analysts at William Blair reduced their price objective on shares of Deere & Company (NYSE:DE) from $80.00 to $75.00 in a note issued to investors on Thursday. William Blair’s price target points to a potential downside of 11.23% from the stock’s previous close.

A number of other firms have also recently commented on DE. Analysts at Barclays cut their price target on shares of Deere & Company from $101.00 to $97.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Deere & Company from $88.00 to $83.00 in a research note on Wednesday, July 9th. Finally, analysts at Global Hunter Securities initiated coverage on shares of Deere & Company in a research note on Thursday, June 19th. They set a “neutral” rating and a $90.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Deere & Company currently has an average rating of “Hold” and an average price target of $87.96.

Deere & Company (NYSE:DE) opened at 84.49 on Thursday. Deere & Company has a 1-year low of $80.76 and a 1-year high of $94.89. The stock has a 50-day moving average of $87.80 and a 200-day moving average of $89.28. The company has a market cap of $30.737 billion and a price-to-earnings ratio of 9.46. Deere & Company also was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 24,493,467 shares, a growth of 16.6% from the July 15th total of 21,003,363 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily volume of 3,399,526 shares, the days-to-cover ratio is presently 7.2 days.

Deere & Company (NYSE:DE) last released its earnings data on Wednesday, August 13th. The company reported $2.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.20 by $0.13. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.75 million. Analysts expect that Deere & Company will post $8.40 EPS for the current fiscal year.

Deere & Company (NYSE:DE) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.

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