UPDATE: Morgan Stanley Initiates Coverage on Deere & Company on Negative Outlook
September 05, 2013 at 09:15 AM EDT
In a report published Thursday, Morgan Stanley analyst Nicole DeBlase initiated coverage on Deere & Company (NYSE: DE ) with an Underweight rating and $72.00 price target. In the report, Morgan Stanley noted, “We forecast 8% downside to 2014e consensus, as we are concerned about recent deterioration in the used