Pointing to the impact of COVID-19 on farm machinery sales, Mircea (Mig) Dobre, an analyst with RW Baird, said in a note to investors that he was downgrading Deere & Co. to neutral but maintaining his target price ($150).
In his April 12 note, Dobre said, “A rapidly changing environment points to pressure on Deere’s earnings that could be greater than in prior downturns given the broad based nature of end-market deterioration which we fear…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
