Movement Alert|Deere Falls 3.39% in Regular Trading, Agricultural Machinery Sector Under Broad Selling Pressure

Market Focus
Oct 10

On October 10, Deere fell 3.39% in regular trading, trading at $630.92/share, with turnover of $4.39 billion.

The decline came despite Evercore ISI's upgrade of Deere to Outperform from In Line with a price target raised to $813, as the agricultural machinery sector faced broad-based selling. The previously announced collaboration with Yamaha Motor on future side-by-side vehicles also failed to lift market sentiment.

Within the Agricultural & Farm Machinery sector, CNH Industrial fell 3.38%, AGCO Corp fell 3.01%, Alamo fell 1.23%, Toro fell 0.36%, while Lindsay gained 0.09%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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