Is Deere's Stock Set for Recovery?
The COVID-19 pandemic has taken its toll on agricultural machinery company Deere (NYSE: DE) and management was forced to dramatically reduce its full-year 2020 guidance during the recent earnings presentations.
That said, the key question the market is asking is, what about 2021 and beyond, and is the stock a good value now? The answer is a somewhat complex and frustrating one for investors.
A brand new combine harvester. Image source: Deere & Company.
Source Fool.com