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DE / Deere: Low Valuation, Rising Dividend Outweigh A Tepid Growth Trajectory

Deere: Low Valuation, Rising Dividend Outweigh A Tepid Growth Trajectory
Deere & Co. gets a buy rating with an attractive 11x P/E and rising dividend, but macro risks and slowing agricultural demand should be monitored. Deere reported solid Q3 earnings, beating expectations, but saw a downtrend in stock price due to lower production and higher inventories. Analysts have mixed views on Deere, with some citing slowing agricultural demand and increasing inventories as risks, while others see stronger earnings and dividend growth. Read More
Posted: Oct 26 2023, 17:00
Author Name: Seeking Alpha
Views: 091985

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