NEW YORK () -- Shares of Deere () 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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