Investors Are Downbeat on Deere Heading Into F3Q Earnings -- Market Talk

0842 ET - Investor sentiment on Deere skews negative heading into F3Q earnings next week, JPMorgan analysts say in a research note. The heavy equipment and agricultural machinery maker is expected to say that EOP orders, or advance-purchase orders, for next year in North America are trending flattish to up slightly, compared with initial Wall Street estimates for Production & Precision Agriculture sales to be up roughly 8% in fiscal 2027, the analysts say. "While this reinforces the narrative that 'the ag cycle has troughed', flattish volume after a 50% drawdown from the 2023 peak is worse than expectations when we began the year," they say. JPMorgan cuts Deere's price target to $570 from $590 and lowers its F27 estimates, though it maintains its neutral rating. (connor.hart@wsj.com)

(END) Dow Jones Newswires

August 14, 2026 08:42 ET (12:42 GMT)