Buy, Sell or Hold the Stock?
Deere & Company DE shares have gained 12.8% year to date, outperforming the Zacks Manufacturing – Farm Equipment industry’s 11.5% growth. In contrast, the broader Zacks Industrial Products sector has gained 6.7% and the S&P 500 gained 9.9%.
Image Source: Zacks Investment Research
Meanwhile, Deere’s peers, such as CNH Industrial N.V. CNH, declined 1.4% in the same timeframe, while AGCO Corporation AGCO moved up 14.1%.
Image Source: Zacks Investment Research
With this outperformance, investors may rush to add the stock to their portfolio. However, it would be prudent to evaluate the stock’s growth prospects as well as associated risks first to…
