Deere and Co (DE): Deere lowered outlook due to Ag deterior...

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Friday, 11/28/2014 7:48:52 AM

Friday, November 28, 2014 7:48:52 AM

Deere lowered outlook due to Ag deterioration, says UBS at UBS
UBS said Deere's lowered guidance is indicative of the deterioration of the agricultural sector and the significant headwinds facing agricultural equipment sales. The firm sees more downside potential to earnings beyond 2015 but also believes investors could view its guidance as conservative. UBS reiterated its Sell rating and $75 price target on Deere shares

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