** Deere DE.N on Thursday reported a steeper-than-expected 35% fall in its fourth-quarter revenue as demand for new farm equipment remains muted
** The company's shares ended ~2% lower at $466.22 on Thursday
A BOTTOMING CYCLE
** Daiwa ("outperform", PT: $518) says inventory trends, improving farm fundamentals support bottoming thesis
** Jefferies ("hold", PT: $510) says with farmer sentiment and farm fundamentals improving, volumes should at least stabilize absent a shock to supply/demand, such as from tariffs
** Bernstein ("market-perform", PT: $476) says pricing discipline and precision agriculture penetration were positives, leaving investors with optimism that h2 could deliver the much-awaited cycle inflection
** Oppenheimer ("outperform," PT: $510) says with manufacturing in line with large agriculture demand and green-shoots among global fundamentals, it sees an incrementally positive outlook for FY26
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))