Trump Announces $70 Million John Deere Facility in North Carolina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22h ago
0mins
Source: Benzinga
- New Facility Announcement: During a speech in Clive, Iowa, Trump revealed John Deere's plan to build a $70 million excavator manufacturing facility in North Carolina, which will be the only excavator entirely made in the USA, enhancing the company's competitive edge.
- Technological Advancements: The new facility will utilize advanced technologies to produce industry-leading excavators, replacing next-generation models previously manufactured in Japan, and is expected to commence operations within the next year, thereby strengthening John Deere's manufacturing capabilities in the construction sector.
- Distribution Center Development: John Deere is also constructing a new distribution center near Hebron, Indiana, leveraging the state's skilled workforce and central location to support future expansion plans, further solidifying its market position in North America.
- Market Pressures: Despite the positive outlook from the new facilities, John Deere faces a $1.2 billion tariff hit in fiscal 2026, with the CEO indicating that this will lead to ongoing margin pressures, potentially impacting the company's long-term profitability.
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: 519.190
Low
458.00
Averages
514.25
High
560.00
Current: 519.190
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.
