Core Viewpoint - UBS analyst Steven Fisher maintains a Buy rating and a price target of $535 on Deere (DE) shares, indicating confidence in the company's future performance despite a slightly lower initial FY26 earnings guidance midpoint [1] Group 1: Earnings and Guidance - The Q4 results and outlook for Deere were described as "directionally consistent" with UBS's expectations, establishing 2026 as the agricultural bottom [1] - The initial FY26 earnings guidance midpoint is slightly lower than UBS's previous model, attributed mainly to a weak Q1 in North America [1] - UBS expresses increased confidence in 2026 as the earnings bottom and anticipates a recovery in 2027 following the report [1]