Analysts: High Used Inventory Will Hurt Deere and 3 More Research Notes to Browse
Deere & Co. (NYSE:DE): Piper Jaffray has downgraded Deere to Neutral from Overweight, citing concerns that the high used inventory and lower grain prices will impact the North American replacement cycle in 2014. The firm has also lowered its price target for shares to $89 from $102.
Qualcomm (NASDAQ:QCOM): Citigroup has removed Qualcomm from its Top Picks Live list due to the lackluster sales of high-end smartphones. However, the firm keeps a Buy rating on the stock with an $81 price target.
Jazz Pharmaceuticals (NASDAQ:JAZZ): Cantor says it has learned that the FDA on Friday proposed a rule that would allow generic manufacturers to submit label changes to reference listed drugs that Cantor thinks could create more uncertainty around the regulatory obligations of companies sharing a REMS program, which it feels could benefit Jazz. The firm has a Buy rating on the stock.
Tribune Co. (TRBAA.PK): Imperial Capital has raised its price target on Tribune to $76 from $63.25 based on the LocalTV acquisition and expanding valuation multiples.The firm keeps an Outperform rating on the stock.