Bank Ratings | Jefferies: Upgrades Deere & Company to "Hold", Limited Downside Risk
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Glonghui, April 8th｜Jefferies analyst Stephen Volkmann upgraded the rating of agricultural equipment manufacturer Deere & Company from “Sell” to “Hold,” while maintaining the target price at $550. After the stock price fell about 15% from its high in February, the downside risk is now limited. The firm noted that at current levels, the valuation is more balanced.
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