** Farm-equipment maker Deere & Co posted a decline in Q3 earnings on Thursday and cautioned that the impact of tariffs would be more severe than previously anticipated

** Median PT of 24 brokerages covering the stock is $525- data compiled by LSEG

STRENGTHS AND UNCERTAINTIES

** J.P.Morgan ("neutral," PT: $500) sees Deere earnings growing next year, driven by strength in Europe, Brazil and other regions, while margin pressure and U.S. policy uncertainty keep valuation in check

** Jefferies ("hold," PT: $510) says DE faces $600 mln in tariff headwinds in FY25 and another $300 mln in early FY26, but plans a 2%–4% pricing hike in FY26 to partially offset rising costs

** Morgan Stanley ("overweight," PT: $500) says Deere's farm equipment sales are falling again but they still believe earnings have hit bottom and the stock has strong long-term growth potential

** Morningstar (fair value: $550) says Deere has strong execution even in weak agricultural markets; brokerage expects demand to improve in 2026 as inventory levels are now balanced

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))