RBC Capital and Freedom Broker raised their price targets on Deere & Company following strong second-quarter earnings. RBC Capital increased its target to $752 from $736 with an Outperform rating, citing earnings per share of $6.55 that beat estimates of $5.70 and revenue of $13.37 billion that exceeded the expected $11.56 billion. Freedom Broker raised its target to $590 from $570 with a Hold rating, noting that 2026 marks the low point of the major agricultural equipment cycle and that Deere's diverse portfolio is producing stronger intrinsic profitability at the cycle's low stage compared to past cycles.
Deere & CompanyRBC Capital and Freedom Broker raised price targets after strong Q2 earnings beat.