Wells Fargo lowers its rating on Deere (DE -1.3%) to Market Perform, a day after the maker of...

|About: Deere & Company (DE)|By:, SA News Editor

Wells Fargo lowers its rating on Deere (DE -1.3%) to Market Perform, a day after the maker of farm and turf equipment reported a generally solid FQ1. "Given forecasts for a modest row crop farmer cash flow decrease over the next year against elevated U.S. and Canadian large farm equipment demand, we believe the stock will likely be challenged."