Street View: Deere & Co harvests opportunity as trade winds shift

Agricultural-equipment maker Deere & Co DE.N on Thursday cut lower end of its annual profit forecast but beat expectations for second-quarter results on cost-saving measures and inventory management

Average recommendation of 24 brokerages is "buy", median PT is $500 - data compiled by LSEG

TARIFF HEADWINDS, STRATEGIC TAILWINDS

J.P. Morgan ("neutral," PT: $540) says while there is uncertainty around economy and trade policies, co's outlook has improved as U.S. farmers could benefit from government support, better export opportunities and tax breaks that make it easier to buy farming equipment

Daiwa Capital Markets ("outperform," PT: $575) says while tariffs are causing some short-term uncertainty in U.S., demand should remain strong because crop prices are stable, trade deals are focusing on agriculture and farmers are receiving support through programs such as Emergency Commodity Assistance Program

Bernstein ("market-perform," PT: $548) sees positive sign that 2026 will likely have steady rise, helped by easier comparisons due to past production cuts, stronger retail demand and higher prices to offset tariff losses

Morgan Stanley ("overweight," PT: $500) says co has made strong progress in reducing new product inventory, putting DE in good position to match production with retail demand, especially by FY26