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Kalkine Media ASX Share Market News & Research

Barclays says Trump’s threatened tariffs aren’t specific to Deere

September 25, 2024 02:10 AM BST | By EODHD
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
Barclays says Trump’s threatened tariffs aren’t specific to Deere
Image source: Kalkine Media

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Barclays analyst Adam Seiden maintained an Overweight rating and $400 price target on Deere following comments by former President Trump which threatened tariffs on Deere if it moves production from the U.S. to Mexico. Barclays notes that Deere’s production network “isn’t out of the ordinary in manufacturing circles,” adding that “even on the product lines the company has targeted to shift, it would hardly be alone.” The firm feels the broader take is “less about Deere and more about potential protectionism in a Trump administration.” Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on DE: Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz Morning Movers: Light & Wonder sinks following injunction for Aristocrat Deere falls after Trump threatens 200% tariff on Mexico move Trump Media slips after presidential debate: Morning Buzz SEC charges Deere with FCPA violations for unit’s role in Thai bribery scheme View comments

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