2024-07-02 10:08:28 ET
Summary
- Deere & Company is a well-known American manufacturing firm famous for their green and yellow tractors and equipment.
- The company announced better-than-expected quarterly results in May, but the stock is still down 10% here in 2024.
- While Deere stock trades at a significant earnings discount to the S&P 500, the company is facing economic headwinds on multiple fronts.
- An analysis of Deere & Company follows in the paragraphs below.
Today, we dive into an analysis of Deere & Company ( DE ) , an American manufacturing firm well-known for their famous green and yellow tractors and other construction and agricultural equipment. The shares seem universally loved here on Seeking Alpha ( I , II , III ) but the company did just announce some controversial job and production cuts in the middle of an election year. This also came after the company disclosed it was moving some of its production capacity from a facility in Iowa to Mexico in 2026. Despite some better-than-expected results from its last quarterly report, the stock of Deere is down some 10% so far in 2024....
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For further details see:
Deere & Company: Navigating Through A Tougher Economic Environment