Industrials

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target

/ / Industrials / ,

Jefferies analyst Sheila Kahyaoglu said in a research note that it gave Boeing (NYSE:BA) a “buy” rating with a $250 price target. The analyst noted that a “new” software issue would reportedly delay deliveries of specific Boeing 737 MAX models by up to a year, but the analyst said the delay in deliveries of certain 737 MAX models caused by software issues was “not a new problem” for Boeing, which is estimated to affect deliveries of 30 to 40 aircraft. Sheila doesn’t think the issue will affect Boeing’s delivery targets for this year.

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target Read Post »

Boeing Co (NYSE:BA) suspended deliveries of the 787 aircraft due to documentation issues

/ / Industrials /

According to the Federal Aviation Administration and industry insiders, Boeing Co. (NYSE:BA) has stopped deliveries of the 787 Dreamliner due to documentation issues. Aeronautical data provider Ascend by Cirium said Boeing had not delivered the Dreamliner from the production line or dozens of aircraft awaiting delivery since Jan. 26. Boeing said last week it had suspended assembly of the new plane.

Boeing Co (NYSE:BA) suspended deliveries of the 787 aircraft due to documentation issues Read Post »

Nikola (NASDAQ:NKLA) will provide self-driving assistance systems for electric trucks

/ / Industrials /

U.S. new energy truck maker Nikola (NASDAQ:NKLA) said today that it will provide autonomous driving assistance systems for electric heavy-duty trucks starting by the end of next year. The system, called PlusDrive, is similar to the hands-free highway driving system offered by automakers such as Tesla, GM and Ford, but a human driver must be present and focused on the road. The system handles most highway driving tasks and assists human drivers in non-highway situations, including reversing to the unloading dock.

Nikola (NASDAQ:NKLA) will provide self-driving assistance systems for electric trucks Read Post »

Deere (NYSE:DE) reported revenue of $12.652 billion in Q1 2023 versus an expected of $11.28 billion

/ / Industrials /

Deere (NYSE:DE) reported revenue of $12.652 billion in Q1 2023, compared with $9.569 billion in the previous month and $11.28 billion expected, exceeding market expectations by 12.16%; Earnings per share were $6.55 vs $2.92 prior, and $5.56 expected, beating market expectations by 17.81%.

Deere (NYSE:DE) reported revenue of $12.652 billion in Q1 2023 versus an expected of $11.28 billion Read Post »

Deere (NYSE:DE) reported income of $12.652 billion for Q1 2023, up 32% year-over-year

/ / Industrials /

February 17, 2023 — Deere (NYSE:DE) Deere & Company reported net income of $1.959 billion for the first quarter ended January 29, 2023, or $6.55 per share. In Q1 2023, the financial report achieved revenue of 12.652 billion US dollars, the previous value was 9.569 billion US dollars, and the expected value was 11.28 billion US dollars, exceeding market expectations by 12.16%; Earnings per share were $6.55 vs $2.92 prior, and $5.56 expected, beating market expectations by 17.81%. Worldwide net sales and revenues increased 32 percent, to $12.652 billion, in the most recent quarter. Net sales were $11.402 billion for the quarter, compared with $8.531 billion in 2022. Net income attributable to Deere & Company for fiscal 2023 is forecast to be in a range of $8.75 billion to $9.25 billion. DEERE & COMPANY STATEMENTS OF CONSOLIDATED INCOME About DEERE & COMPANY Deere & Company (www.JohnDeere.com) is a global leader in the

Deere (NYSE:DE) reported income of $12.652 billion for Q1 2023, up 32% year-over-year Read Post »

Bank of America: Raised Deere (NYSE:DE) price target to $484 with Maintain a “neutral” rating

/ / Industrials / ,

Bank of America analyst Michael Feniger issued a research report, raising the target price of Deere shares (NYSE:DE) to $484 from $478, maintaining a “neutral” rating. Feniger said the company posted a “thorough” quarterly result that exceeded expectations and raised its 2023 guidance to levels that exceeded market expectations.

Bank of America: Raised Deere (NYSE:DE) price target to $484 with Maintain a “neutral” rating Read Post »

Scroll to Top