On Friday analysts at Citigroup raised its price target for the agricultural machinery manufacturer Deere & Company (DE).
The analysts raised the price target for John Deere to $97, a +13.6% upside from Thursday’s closing price of $85.39. The firm also maintains its “Buy” rating of DE.
Deere shares were up 36 cents, or +0.42%, in premarket trading on Friday.
The Bottom Line
Shares of Deere (DE) have a 2.15% dividend yield, based on last night’s closing stock price of $85.39. The stock has technical support in the $80-$81 price area. If the shares can firm up, we see overhead resistance around the $88-$90 price levels.
Deere & Company (DE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations