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OverviewAPI
Deere's stock fell 7% due to a bleak outlook despite exceeding revenue and earnings estimates. With revenue down 7% y-o-y to $10.9 billion and profit decreasing by 11% to $1.75 billion in Q1 2024, the company anticipates sales declines across all manufacturing segments in 2024. Nonetheless, potential growth is projected with valuation estimates indicating a 12% upside to $402 per share.

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