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Deere (DE) Stock Continues to Decline on Lower Guidance

2015-08-25 03:53:15| Industrial Machines - Topix.net

Today, analysts at RBC Capital warned that farm cash receipts are likely to continue to decline, which could hurt the company's sales, according to Barron's . "Looking ahead: Looks like large Ag could have another challenging year as early orders for N. America planters, sprayers and tillage currently lower y/y , used industry inventories elevated, and U.S. farm cash receipts projected -7% in 2015 and -1% in 2016," said analysts Seth Weber and Emily McLaughlin.

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