We maintain our Neutral recommendation on Deere & Co. (NYSE:DE). The quantitative Zacks #3 Rank (short-term Hold rating) for the company indicates no clear directional pressure on the shares over the near term.
Deere delivered earnings of $2.61 per share in the second quarter and worldwide total sales of $10 billion, both ahead of the respective Zacks Consensus Estimates. Deere expects equipment sales to grow around 15% in fiscal 2012. The guidance includes an unfavorable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards