John Deere Announces Major Expansion with New U.S. Facilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8h ago
0mins
Source: Yahoo Finance
- New Factory Construction: John Deere is investing $70 million to build an excavator factory in Kernersville, North Carolina, which is expected to create over 150 new jobs, further driving innovation and development in U.S. manufacturing.
- Distribution Center Launch: The new parts distribution center in Hebron, Indiana, will enhance supply chain capabilities and is anticipated to generate approximately 150 jobs, strengthening the company's support for the U.S. agriculture and construction markets.
- Commitment to U.S. Manufacturing: John Deere plans to invest $20 billion in U.S. manufacturing over the next decade, demonstrating its strong confidence in economic growth and innovation in the U.S., contributing to local economic development.
- Legacy and Innovation: The opening of these new facilities will not only enhance John Deere's manufacturing capabilities in the U.S. but also boost the company's competitiveness in global markets, further solidifying its leadership position in the agriculture and construction industries.
Analyst Views on DE
Wall Street analysts forecast DE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 514.25 USD with a low forecast of 458.00 USD and a high forecast of 560.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 516.540
Low
458.00
Averages
514.25
High
560.00
Current: 516.540
Low
458.00
Averages
514.25
High
560.00
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








