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BUZZ-Morgan Stanley raises Deere's PT on steady growth prospects

Reuters
Dec 10, 2025
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> raises Deere's PT on steady growth prospects

** Morgan Stanley raises tractor maker Deere & Co's DE.N price target to $560 from $500, reiterates "overweight" rating

** New PT represents an upside of 21% from stock's last close

** Brokerage notes DE laid out an attractive and new mid-cycle EPS of $40-$45 by 2030, well above buyside bogey of $30-$40 and Morgan Stanley's esitimate of $34

** Precision Agriculture (Ag) and Lifecycle Solutions segments remain central to DE's long-term growth, as Solutions as a Service (SaaS) adoption scales more gradually than initially expected

** "Agriculture & Turf (A&T) and Construction & Forestry(C&F) are positioned to outgrow their markets, supported by broader production system reach and rising tech adoption" - brokerage

** Fourteen of 25 brokerages rate the stock "buy" or higher and 11 "hold"; their median PT is $520.5; according to data compiled by LSEG

** As of last close, shares up 9.2% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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