Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.
JP Morgan analysts expect Deere’s North American production could be down 10-15% next year with pricing flattish, which they said would drive decremental margin down to the typical 25-40% vs. the greater than 40% seen during fiscal year 2024.
According to the…
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