Production & Precision Agriculture sales fell due to lower shipment volumes, while Small Agriculture & Turf and Construction & Forestry sales rose on higher shipment volumes and favorable price realization
Company cited stable U.S. market conditions and softer demand in Brazil and Europe
Deere recorded $110 mln in tariff recoveries in Q3, contributing to production cost management
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Deere & Co is $623.50, about 7.4% above its August 19 closing price of $580.63
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 29 three months ago
Full-year outlook
Deere raises fiscal 2026 net income guidance to $4.75 bln-$5.00 bln
Company expects 2026 to be the bottom of the ag equipment cycle
Deere says stable U.S. market and improving used-equipment inventories support outlook
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