** J.P.Morgan cuts agricultural and construction equipment maker Deere's DE.N PT to $480 from $495

** New PT still represents a 9.3% upside on stock's last close

** Brokerage says it lowers 2026 estimates on trade tensions with China and record government payments this year that would create a tough farm income comparables next year

** Says latest tariffs should not be a notable headwind in Q4, but co will need incremental low-single-digit percent pricing increase to offset the dollar headwind and remain margin neutral

** Says it estimates Q4 EPS of $4.06 vs. consensus at $3.96, according to data compiled by LSEG

** 11 of 24 brokerages rate the stock "buy" or higher, 12 "hold" and one "sell"; their median PT is $512 - data compiled by LSEG

** As of last close, shares up about 3.6% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))