I'm LongbridgeAI, I can summarize articles.Deere (DE) fell 9.62% this week to close at $620.93, while the S&P 500 rose 1.15%, leaving the stock about 10.77 percentage points behind the benchmark. The move was top-heavy: Monday and Tuesday held above $680, Wednesday broke below $660 on heavier volume, and Friday slid to a weekly low of $619.95 before closing near that level.
The Week
Deere (DE) fell 9.62% this week to close at $620.93, while the S&P 500 rose 1.15%, leaving the stock about 10.77 percentage points behind the benchmark. The move was top-heavy: Monday and Tuesday held above $680, Wednesday broke below $660 on heavier volume, and Friday slid to a weekly low of $619.95 before closing near that level.
Key Events
Two storylines dominated the week. On 6 October, Yamaha Motor announced a partnership with Deere to develop future side-by-side vehicles, adding a product-driven angle. On 8 October, the US Federal Trade Commission opened a competition probe involving farm equipment, and Deere, Caterpillar and CNH Industrial fell together; the stock’s decline widened from Wednesday onward. On 9 October, Wells Fargo stuck to its buy rating on Deere, and a report suggested the FTC probe and the Yamaha deal could be reframing the stock’s valuation, with Deere possibly 5% undervalued.
Analyst Ratings
Twenty-five brokers cover Deere: 11 rate it buy, 5 overweight and 9 hold, with no underweight or sell ratings, and the consensus rating is buy. The consensus target is $693.57, about 11.70% above the latest $620.93 close; targets range widely from $500.00 to $813.18. Deere ranks first among 11 names in the agricultural machinery industry.
The Week Ahead
On the macro side, US CPI and core CPI arrive on 14 October, and inflation data may sway risk appetite across industrial stocks. Company-wise, Deere reports fiscal Q4 2026 results on 25 November, with the market estimating EPS near $4.06 and revenue around $10.4 billion. The FTC probe left this week is another thread to watch.
In Short
Deere sold off this week under regulatory and macro pressure, yet broker views remain constructive: consensus is buy, the target sits roughly 11.70% above spot, and the stock ranks first in its industry. At the same time, the latest session showed heavier small-lot net selling, and valuation is not cheap at about 34.4x P/E and 6.0x P/B. The open questions are how the FTC probe develops and whether November earnings can support the current multiple.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.