Deere downgraded to Sell from Neutral at UBS UBS downgraded Deere based on expectations that continued lower corn prices will pressure ag equipment demand in 2014. Price target lowered to $72 from $96.
News For DE From The Last 14 Days
Check below for free stories on DE the last two weeks.
Deere June sales trends relatively weak, says Wells Fargo Wells Fargo said that Deere underperformed the industry's weak tractor sales in the U.S. and Canada in June, but that its combine sales outperformed, noting that the monthly data was likely influenced by difficult year-over-year comparisons. The firm continues to believe that large ag equipment demand will weaken this year and next and keeps its Underperform rating on Deere.
Deere: June U.S./Canada utility tractor retail sales flat Deere says June U.S./Canada row-crop tractor retail sales down more than industry; June U.S./Canada 4WD tractor retail sales down more than industry; June U.S./Canada combines retail sales down double digits, less than the industry. Information from slides presentation.