Bank of America Securities Sticks to Their Hold Rating for Deere (DE)

Bank of America Securities analyst Michael Feniger maintained a Hold rating on Deere (DE – Research Report) today and set a price target of $556.00. The company’s shares closed yesterday at $515.65.

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Feniger covers the Industrials sector, focusing on stocks such as CNH Industrial, United Rentals, and Caterpillar. According to TipRanks, Feniger has an average return of 11.8% and a 66.06% success rate on recommended stocks.

Currently, the analyst consensus on Deere is a Moderate Buy with an average price target of $535.14, implying a 3.78% upside from current levels. In a report released today, Bernstein also maintained a Hold rating on the stock with a $548.00 price target.

The company has a one-year high of $533.78 and a one-year low of $340.20. Currently, Deere has an average volume of 1.44M.