Morgan Stanley (NYSE: MS) Boosts Price Target on Deere & Co (NYSE: DE)

Morgan Stanley (NYSE: MS) Boosts Price Target on Deere & Co (NYSE: DE)

Morgan Stanley (NYSE: MS) analysts boosted their earnings estimates on shares of Deere & Co (NYSE: DE) through 2011 saying that margins are moving higher and should remain strong. The analysts reiterated an “overweight” rating and set a $75.00 price target in a research note to investors on Thursday.

Deere & Company, together with its subsidiaries (John Deere) operates in three business segments: agriculture and turf segment, construction and forestry segment, and credit segment. The agriculture and turf segment, created by combining the former agricultural equipment and commercial and consumer equipment segments, manufactures and distributes a range of farm and turf equipment, and related service parts. The construction and forestry segment manufactures, distributes to dealers and sells at retail machines and service parts used in construction, earthmoving, material handling and timber harvesting. The credit segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. In addition, it provides wholesale financing to dealers of the foregoing equipment, provides operating loans, finances retail revolving charge accounts, offers crop risk mitigation products and invests in wind energy generation.

Shares of DE traded down 0.42% hitting $65.71 during mid-day trading on Thursday.

This article (Morgan Stanley (NYSE: MS) Boosts Price Target on Deere & Co (NYSE: DE)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.