---
title: "Weekly Recap | Deere -9.62%, FTC probe hits farm equipment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301466025.md"
description: "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."
datetime: "2026-10-10T06:24:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301466025.md)
  - [en](https://longbridge.com/en/news/301466025.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301466025.md)
generator: "portal-rs"
---

# Weekly Recap | Deere -9.62%, FTC probe hits farm equipment

## 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.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**