Morgan Stanley raises Deere's PT on steady growth prospects
Morgan Stanley raises tractor maker Deere & Co's DE.N price target to $560 from $500, reiterates "overweight" rating
New PT represents an upside of 21% from stock's last close
Brokerage notes DE laid out an attractive and new mid-cycle EPS of $40-$45 by 2030, well above buyside bogey of $30-$40 and Morgan Stanley's esitimate of $34
Precision Agriculture (Ag) and Lifecycle Solutions segments remain central to DE's long-term growth, as Solutions as a Service (SaaS) adoption scales more gradually than initially expected
"Agriculture & Turf (A&T) and Construction & Forestry(C&F) are positioned to outgrow their markets, supported by broader production system reach and rising tech adoption" - brokerage
Fourteen of 25 brokerages rate the stock "buy" or higher and 11 "hold"; their median PT is $520.5; according to data compiled by LSEG
As of last close, shares up 9.2% YTD
Related Articles
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026
TradingKey - Amid escalating global economic uncertainty, gold is experiencing its best performance since 1979, achieving its largest increase in 46 years. As 2025 draws to a close, major Wall Street institutions have confirmed gold's status as the best safe-haven asset, with a consensus forming tha
TradingKey 2025 Markets Recap & Outlook | Bitcoin Price Repeatedly Hits New Highs, 2026 Can BTC Write Another Legend?
Multiple tailwinds in 2025 propelled Bitcoin to new highs, but many of these positives have already been priced in. In 2026, Bitcoin faces challenges such as liquidity tightening, as well as regulatory and monetary policy uncertainties. Wall Street is divided on Bitcoin's future outlook, with target
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2026 amid Post‑Easing Recovery and Diverging Paths
TradingKey - In 2025, major global central banks will largely maintain an accommodative stance, but the policy pace will decelerate notably. As the easing cycle draws to a close, how will global monetary policy evolve?
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
