Deere’s Path to Recovery

Following an investors’ meeting with Deere & Co., Mircea (Mig) Dobre, senior analyst with RW Baird, offered his thoughts on the company’s path to potential recovery when the big ag equipment market makes its turnaround.

In a note to investors, Dobre reported, “Deere is producing closer to retail demand in large ag, after meaningful underproduction last year. Management believes it is too early to call for inflexion in North America large ag demand with higher…

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