*DE $101-108-116-109 (feb 14) beats on top and bottom line, issues FY07 guidance (102.67 ) : Reports Q1 (Jan) earnings of $1.04 per share, $0.23 better than the Reuters Estimates consensus of $0.81; total net sales rose 3.4% year/year to $3.82 bln vs the $3.72 bln total net sales consensus. Co sees FY07 Deere sales to be up slightly, sees Q2 Deere sales to be up approx 5%.
Deere tgt raised to $120 from $108 at BofA (111.91 ) : BofA raises their tgt to $120 from $108 after strong qtr yesterday morning. The firm is more positive on DE's ability to capitalize earlier than they expected on what looks to be a robust Agriculture cycle (apparently trumping a weak construction segment).
Know how to make God laugh?
Tell Her your plans ....