Deere Clarifies ‘Trough’ Comment; Reiterates Long-Term Goals

Deere & Co. caused a bit of a stir when it used the term “trough” to describe its forecasted sales volumes for 2015. During its analysts’ breakfast last week, Deere management said that it did itself a disservice by not explaining the context of the term “trough.” The company also reinforced its previously announced goal to become a $50 billion company by 2018, at the meeting.

During the company’s fourth-quarter conference call with analysts in…

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