Deere & Co
DE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|l> | LOCK|Q% | LOCK|JJdS@%cs |
Deere Earnings: Taking Pains to Prepare for Another Slack Year in 2025; Fair Value Up $15 to $355
Deere's global sales ended fiscal 2024 down nearly 19% from its blockbuster 2023, and though equipment operating profit fell almost 30%, it maintained 20% operating margins. Deere management anticipates another slow year in 2025 and is taking steps to curtail production until demand picks up.
