Analysts: Deere Is Headed Downhill and 3 More Research Notes to Browse
Deere (NYSE:DE): Goldman is expecting a decline in U.S. ag equipment capex due to rising crop inventories, and notes that high U.S. dealer inventories above historical levels. Subsequently, it predicts Deere’s earnings to fall below consensus levels, and has downgraded the shares from Neutral to Sell. It also lowered its price target from $98 to $85.
Autodesk (NASDAQ:ADSK): Pacific Crest has taken shares of Autodesk from Outperform to Sector Perform, due to the disappointing quarterly report and said it is less confident in a recovery.
Salesforce.com (NYSE:CRM): Check conducted by Oppenheimer lead the firm to believe that Salesforce.com has strong bookings momentum and strong business trends, and is poised to report in-line results for its April quarter, with potential for multiple expansion. It reiterates an Outperform rating on the shares.
Michael Kors (NYSE:KORS): Citigroup recommends owning shares of Michael Kors ahead of the company’s Q4 results on May 29, as the comps will be better than feared. Citi keeps a $75 price target on the shares.