Brooke Sutherland, Columnist

Enough Fawning Over Deere

The tractor maker is getting back on track, but the stock has already priced in a recovery and then some.

November 23, 2016 at 6:03 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Deere & Co. investors bought the rumor. Now they're buying the news, too.

The maker of tractors, planters and other agricultural equipment reported fourth-quarter earnings per share on Wednesday that soundly beat analysts' expectations, thanks largely to cost cuts. Deere also said 2017 sales and net income won't drop quite as much as had been feared. It was a solid showing all around -- but was it really spectacular enough to justify a spike of as much as 11 percent in the stock?