There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Deere (DE – Research Report) and Agco (AGCO – Research Report) with bullish sentiments.
Deere (DE)
In a report released today, Michael Shlisky from D.A. Davidson maintained a Buy rating on Deere, with a price target of $483.00. The company’s shares closed last Thursday at $364.66.
According to TipRanks.com, Shlisky is a 2-star analyst with an average return of
Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $422.24, a 15.0% upside from current levels. In a report released today, Oppenheimer also initiated coverage with a Buy rating on the stock with a $456.00 price target.
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Agco (AGCO)
Jefferies analyst Stephen Volkmann maintained a Buy rating on Agco yesterday and set a price target of $145.00. The company’s shares closed last Thursday at $110.58, close to its 52-week low of $109.72.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of
Currently, the analyst consensus on Agco is a Moderate Buy with an average price target of $143.70, a 27.7% upside from current levels. In a report issued on February 6, Robert W. Baird also maintained a Buy rating on the stock with a $144.00 price target.
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