1454 ET - Deere is likely to report a tough fiscal 3Q results on Thursday, say analysts with Oppenheimer in a note. Difficult agricultural conditions in Europe, as well as supply interruptions due to the U.S.-Iran conflict, are pressuring the agricultural equipment manufacturer. But the situation in North America looks to be better than initially anticipated, says Oppenheimer -- with lower crop yields expected to support higher commodity prices while export demand stays strong. That's lending some light to the outlook for FY2027, and potentially setting up Deere to raise its estimates for F4Q. Deere trades down 1% to $593.92.
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Deere 3Q Outlook Negative, but Fundamentals Look to Improve
Dow Jones08-19
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