Deere added to US Conviction List at Goldman Sachs

Goldman Sachs analysts added Deere (DE) to the firm’s US Conviction List as part of its monthly update. The firm expects a positive inflection in earnings as the company approaches a cyclical trough for agriculture equipment inventory, plus the realization of benefits from the roll-out of a “nascent” subscription business. Goldman has a Buy rating on Deere with a $583 price target