Deere & Company Upgraded to Hold at Jefferies

Analysts see limited downside after recent stock pullback

Apr. 8, 2026 at 12:37pm

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Deere & Company (NYSE:DE) was upgraded by research analysts at Jefferies Financial Group from an "underperform" rating to a "hold" rating. Jefferies set a $550.00 price target on the stock, suggesting a potential downside of 4.35% from the stock's current price.

Why it matters

The upgrade from Jefferies comes after Deere's stock has pulled back around 15% recently, which the analysts believe has improved the risk/reward profile and limited the potential downside. This could help support near-term buying interest from investors who see the dip as an entry point.

The details

Jefferies cited the recent pullback in Deere's stock price as a key factor behind the upgrade. The analysts believe the ~15% decline has improved the risk/reward for investors and leaves limited downside from current levels. This could help drive near-term buying interest from those who view the dip as an attractive entry point.

  • Jefferies issued the upgrade on Wednesday, April 8, 2026.

The players

Deere & Company

A global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Deere is headquartered in Moline, Illinois and was founded in 1837.

Jefferies Financial Group

A diversified financial services company that provides investment banking, capital markets, asset management and wealth management services.

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The takeaway

Deere's stock has seen a notable pullback in recent months, which has improved the risk/reward profile according to Jefferies. The upgrade to Hold suggests the analysts see limited further downside from current levels, which could help drive near-term buying interest as investors look to capitalize on the dip.