From Financial Modeling Prep: 2025-06-16 15:02:00

Truist Securities reiterates Buy rating on Deere & Company (NYSE:DE) with $619 price target, citing expansion in Brazil as key growth driver. Deere has built strong presence in Brazil over 20 years, leading market share and profitability. Shift to commercial farms in Brazil boosts demand for Deere’s precision agriculture tech. Deere surpasses 20% margin target with high-margin parts sales and global diversification. Truist sees Deere as standout in industrial sector, with potential for upside growth despite macro challenges.



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