Deere price target lowered to $541 from $542 at RBC Capital

Core Viewpoint - RBC Capital has lowered the price target for Deere (DE) to $541 from $542 while maintaining an Outperform rating on the shares, indicating a positive outlook despite the slight reduction in target price [1]. Financial Performance - Deere reported solid Q4 results, although net income was below consensus expectations, impacted by approximately $1.2 billion of pre-tax tariff effects [1]. - The introduction of F26 guidance reflects the company's strategic planning for future performance [1]. Inventory and Operations - RBC Capital views Deere's progress in inventory management and growth in Equipment Operations positively, suggesting a strong operational foundation for the company [1].