Deere (DE) :UBS price target for the stock is $72.
Deere & Co. (NYSE: DE) makes the UBS Key Call list, and not in a good way. It is the only name that the UBS analysts have ranked as a Sell. Slowing overseas orders and poor domestic agriculture pricing are cited as major reasons. The stock is already down 5.35% year-to-date and may be headed lower. Investors are paid a 2.5% dividend. Investors shorting stock are responsible to pay the quarterly dividend. The UBS price target for the stock is $72. The consensus estimate is at $87. Deere closed Wednesday at $81.80.
I agree totally. Earnings are likely to disappoint next week. The dividend is NOT a reason to buy. Capital appreciation is the name of the game; the dividend is a nice bonus but only if the stock is going up.