Weekly Recap | Deere -0.5%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.Deere (DE) slipped 0.5% this week to close at $687, trailing the S&P 500 by about 0.23 percentage points. The stock swung 6.82% across the week, opening Monday at $687.13 and touching $690.94 before sliding over the next three sessions. Thursday’s low was $644.06, then Friday rebounded to $689.69 and settled at $687, nearly back to Monday’s open. Average daily volume was about 1.27 million shares, roughly 20% above the 60-day median.
The Week
Deere (DE) slipped 0.5% this week to close at $687, trailing the S&P 500 by about 0.23 percentage points. The stock swung 6.82% across the week, opening Monday at $687.13 and touching $690.94 before sliding over the next three sessions. Thursday’s low was $644.06, then Friday rebounded to $689.69 and settled at $687, nearly back to Monday’s open. Average daily volume was about 1.27 million shares, roughly 20% above the 60-day median.
Key Events
The week’s company-specific story centred on labour relations and forward guidance. On Thursday, news showed the IAM union at Deere’s Horicon Works had ratified a new labour agreement, easing some of the recent uncertainty around production. That same day the stock dipped to the $644 area and closed down 3.18%. On Friday, reports said Deere raised its 2026 outlook, which was read as a positive signal around its business shift; the stock rebounded and outperformed industry peers. On the sector side, talk of tractors, satellites and blockchain alliances kept the digitisation theme in focus.
Analyst Ratings
Of 25 brokers covering Deere, 11 rate it buy, 5 over, 8 hold and 1 under; 23 give buy or over ratings, with no sell recommendations. The consensus rating is buy, with a consensus target of $691.83, about 70.36% above the current price. Targets range from $500 to $813.18, a wide spread. Deere ranks first in the agricultural machinery industry’s ratings table, with more covering brokers than the industry median of 5.
The Week Ahead
The coming week is heavy with US macro data: Services PMI final and ISM non-manufacturing PMI on Monday, trade balance figures on Tuesday, and EIA crude inventories on Wednesday. Deere’s next earnings report lands on 25 November, covering Q4 FY2026, with consensus estimates around $4.07 EPS and $10.4 billion in revenue — the first checkpoint for the raised 2026 outlook.
In Short
This week’s tension sits between a broadly positive broker view — consensus target above spot, top industry rank — and a small weekly decline with mixed money flow on the latest session. The labour deal and raised 2026 outlook are company-specific positives, but a dense macro calendar and the November earnings date remain the next points to watch.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.