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Deere (DE) Stock Price Target Upped at Credit Suisse

NEW YORK (TheStreet) -- Shares of Deere (DE) were down in pre-market trade on Monday despite a price target increase at Credit Suisse this morning to $100 from $87.

The firm maintained an "outperform" rating on shares of the Moline, IL-based agricultural equipment company.

In Deere's third quarter earnings call on August 19, the company estimated that it could generate at least $500 million in savings by 2018 assuming large agricultural stays at current depressed levels.

Credit Suisse noted that Deere has a "better track record than peers" in executing these types...


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