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Fiscal 2016 Outlook For Deere & Co.

2015-11-28 17:55:32| Industrial Machines - Topix.net

The reaction to Deere's earnings surprise on Wednesday was overdone, and probably reflected short covering more than enthusiasm for the company's outlook. Unpromising as Deere's forecast for fiscal 2016 is, it is probably optimistic: it rests on assumptions about the outlook for U.S. farming that seem unreasonably cheerful.

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