Deere & Company Expands with Tenna Acquisition, Analysts Raise Price Targets

Deere & Company (DE) has acquired Tenna, a construction technology firm, to improve equipment tracking and management. Analysts have raised price targets for DE, with BMO Capital Markets setting a target of $460 and Jefferies raising its target to $475. DE aims to achieve $63 billion in sales by 2030 and has ambitious targets for earnings per share and revenue growth.