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3. Deere & Company (NYSE:DE) is down 7.36% as of 11:53 AM ET after the Moline, Illinois-based farming, forestry, and heavy construction machinery manufacturer was downgraded from a Buy to a Neutral rating by Ross Gilardi at Bank of America. The price target on Deere & Company (NYSE:DE) was lowered from $475 to $450. In a research note issued to investors, the analyst highlighted that the recent farm equipment survey reflected a bullish sentiment, but the results should have been better. He shared that the dealers appear to be cautious due to fertilizer shortages.

Overall, Deere & Company (NYSE:DE) was held by 61 hedge funds as of Q4 2021.