Deere and AGCO Rally 4% as Baird Upgrades Both on North America Row Crop Demand

Deere and AGCO Rally 4% as Baird Upgrades Both on North America Row Crop Demand

Baird just handed two farm equipment stocks a rare double upgrade on the same morning, but the reasoning behind each call points to a very different bet on how the ag cycle turns.

Baird Elevates Deere (DE) Stock to Buy Rating With Bold $800 Price Target

Baird upgrades Deere (DE) stock to Buy with $800 target, citing recovering farm fundamentals and expected 2027 North America ag equipment market rebound. The post Baird Elevates Deere (DE) Stock to Buy Rating With Bold $800 Price Target appeared first on Blockonomi.

Why Baird Just Upgraded Deere (DE) Stock to Buy With an $800 Target

TLDR Baird analyst Mig Dobre upgraded Deere (DE), AGCO, CNH Industrial, and Titan Machinery to Buy from Hold. Baird raised its Deere price target to $800 from $640, one of only two targets above $800 per FactSet. The upgrades are based on improving farm fundamentals pointing to a North America...