Oppenheimer cuts Deere PT on tariff-driven cost pressures

** Oppenheimer cuts the Price Target (PT) on farm-equipment maker Deere DE.N to $512 from $566, the new PT a premium of 9.1% from the stock's last close

** Brokerage maintains rating at "outperform"

** The new Section 232 steel tariffs will raise costs for co , especially in its construction and forestry segment, Oppenheimer says

** Price hikes planned for 2026 may not fully offset co's higher expenses, brokerage adds

** Oppenheimer trims its margin outlook for Deere's upcoming Q4 and for FY 2026 over increased cost pressures from newly imposed steel tariffs

** 11 of 24 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $512, according to data compiled by LSEG

** As of last close stock had risen 10.7% YTD