Stock Rating Upgrade
The Value Trend Rating for DEERE & COMPANY (NYSE: DE) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
DEERE & COMPANY (NYSE: DE) stock rose modestly by 0.9% on 12/22/23. The stock closed at $396.82. However, unusually low trading volume at 60% of normal accompanied the advance. The stock has risen 2.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DE is expected to continue to be a major Value Builder.
DEERE & COMPANY has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DEERE & COMPANY has a neutral Power Rating of 56 but a good Appreciation Score of 74, and the Positive Value Trend Rating results.
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