Why Deere Stock At $470 Is A Great Buy?
1. John Deere plans to lay off over 200 workers due to slow sales. 2. Tariffs have cost Deere $300 million, projecting a total of $600 million impact. 3. Deere's adjusted earnings are forecasted to drop to $18.55 this year. 4. A recovery in agricultural equipment sector is anticipated by 2026. 5. The current valuation suggests a buying opportunity for long-term investors.