Jefferies raises Deere's PT, cites tech-driven automation roadmap

Jefferies lifts PT on tractor maker Deere DE.N to $475 from $440, maintains "hold" rating

New PT shows an upside of 1.9% from stock's last close

Brokerage says co's long-term strategy is about driving growth and profitability through services, technology and M&A, while expanding digital engagement and laying the groundwork for recurring revenue

Deere's analyst day outlined a tech-driven path to full automation by 2030 with precision tools, advanced connectivity, and a leading digital platform across agriculture and construction, says Jefferies

14 of 25 brokerages rate stock "buy" or higher, 11 "hold" ; their median PT is $520- data compiled by LSEG

YTD, stock up 10%