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Deere & Company

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Deere expects its total equipment sales to grow around 30% year over year in fiscal 2018. The Wirtgen acquisition will contribute about 12% to net sales and will add $100 million in operating profit for the fiscal. Further, Deere's recent acquisition of PLA will provide innovative, cost-effective equipment, technology, and services to customers. The company will gain from rising replacement demand, strength in Brazil, higher housing starts, as well as improving oil and gas sector. Positive environment for construction, forestry and road building industries will support demand. Deere’s focus on precision agriculture will be a growth driver. The stock has outperformed the industry over the past year. However, Deere’s results will be affected by prevailing weakness in the agriculture sector. Elevated expenses will also thwart its results.


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