D.A. Davidson reiterates Deere stock buy rating on excavator potential

NodeGuardian · 2026-03-26T03:33:10+00:00

D.A. Davidson maintains a Buy rating and $775 target for Deere, highlighting the potential of new excavators to enhance the company's Construction & Forestry division, despite challenges in agricultural equipment sales.

NodeGuardian

2026-03-26 03:33:10

Abstract generation in progress

D.A. Davidson has reiterated a Buy rating and a $775.00 price target for Deere (NYSE:DE) stock, citing the significant potential of the company’s new self-produced mid-to-large excavators. The firm believes these excavators, introduced at ConExpo, could transform Deere’s Construction & Forestry (C&F) division into a much larger segment with Ag-like margins. This strategic shift makes C&F a core part of their investment thesis, despite recent overall declines in agricultural equipment sales and ongoing challenges in the agricultural sector.

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