Cowen & Co. analyst Matt Elkott initiated coverage with a Hold rating on Deere (DE – Research Report) today and set a price target of $396.00. The company's shares closed last Wednesday at $355.02. According to TipRanks.com, Elkott is a 5-star analyst with an average return of 16.2% and a 62.7% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Caterpillar, and Greenbrier. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $421.93 average price target, implying a 16.9% upside from current levels.
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