Deere estimates raised on positive dealer checks at Wells Fargo

theflyonthewall.com

Wells Fargo said its dealer channel checks indicate U.S. and Canadian large farm equipment demand strength will likely continue through the end of 2012 and into the first half of 2013. The firm raised its price target range for Deere shares to $90-$93 from $79-$82, but keeps a Market Perform rating on the name.

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