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Deere (DE) Stock Downgraded at JPMorgan

2015-05-15 16:25:48| Industrial Machines - Topix.net

JPMorgan analysts believe the agriculture industry is "currently in dire straits with the potential for a liquidity crunch for farmers into 2016" after spending time talking to dealers, farmers, and industry experts in the Midwest. The analysts continued, "Additionally, even the dealers acknowledged that there are far too many used high HP Deere tractors in inventory and this is likely to weigh on new tractor sales for the foreseeable future."

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