Deere: The Hard Part May Already Be Over
Deere & Company is currently rated as a Buy, with analysts suggesting it is undervalued. The company has experienced significant sales growth in its agricultural and construction segments. Management projects continued strong performance with expected sales growth of 15-20% in key areas.
- ▪Deere has posted its fifth consecutive double-beat in earnings.
- ▪The small ag & turf segment saw a 16% year-over-year sales growth.
- ▪The construction & forestry segment achieved a remarkable 29% year-over-year sales growth.
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