Why Deere Stock Is Down Today
Shares of Deere & Co. (NYSE: DE) fell as much as 3.9% this morning as investor sentiment took a double blow. An analyst downgraded the agricultural machinery stock, citing valuation concerns, even as President Donald Trump announced tariffs on "external" agricultural products effective April 2. China has already announced retaliatory tariffs in response.Analysts at R. W. Baird downgraded their rating on Deere stock from outperform to neutral while keeping the price target at $501 per share. That means only an 8% upside from the stock's Monday closing price.Baird's analyst is optimistic about Deere's inventory management and expects its earnings to grow in 2026, but still sees limited upside potential in the stock given its recent rebound. The firm also downgraded peer stocks amid a looming uncertainty in the agricultural sector, given the weak commodity prices, geopolitical concerns, and potential challenges from tariffs.Continue reading
Shares of Deere & Co. (NYSE: DE) fell as much as 3.9% this morning as investor sentiment took a double blow. An analyst downgraded the agricultural machinery stock, citing valuation concerns, even as President Donald Trump announced tariffs on "external" agricultural products effective April 2. China has already announced retaliatory tariffs in response.
Analysts at R. W. Baird downgraded their rating on Deere stock from outperform to neutral while keeping the price target at $501 per share. That means only an 8% upside from the stock's Monday closing price.
Baird's analyst is optimistic about Deere's inventory management and expects its earnings to grow in 2026, but still sees limited upside potential in the stock given its recent rebound. The firm also downgraded peer stocks amid a looming uncertainty in the agricultural sector, given the weak commodity prices, geopolitical concerns, and potential challenges from tariffs.
