Deere: No, It’s Not Getting Better
July 25, 2016 at 10:20 AM EDT
For shares of Deere ( DE ), Agco ( AGCO ), and CNH Industrial ( CNHI ) to start performing better, prices for farm products need to start rising. That's not going to happen any time soon, say Piper Jaffray's Brett Wong and team, who cut Deere, Agco and CNH Industrial to Underweight from Neutral. They explain: