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Analysts’ Top Conglomerates Picks: ASML Holding (ASML), Deere (DE)

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on ASML Holding (ASMLResearch Report) and Deere (DEResearch Report) with bullish sentiments.

ASML Holding (ASML)

Bank of America Securities analyst Didier Scemama reiterated a Buy rating on ASML Holding today and set a price target of $966.00. The company’s shares closed last Wednesday at $744.42.

Scemama has an average return of 15.2% when recommending ASML Holding.

According to TipRanks.com, Scemama is ranked #2719 out of 7688 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ASML Holding with a $921.59 average price target, a 23.8% upside from current levels. In a report issued on September 29, Wells Fargo also maintained a Buy rating on the stock with a $975.00 price target.

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Deere (DE)

In a report released today, Ross Gilardi from Bank of America Securities reiterated a Buy rating on Deere, with a price target of $425.00. The company’s shares closed last Wednesday at $329.00.

According to TipRanks.com, Gilardi is a 4-star analyst with an average return of 7.1% and a 52.1% success rate. Gilardi covers the Industrial Goods sector, focusing on stocks such as Generac Holdings, The Toro Company, and Timken Company.

Deere has an analyst consensus of Strong Buy, with a price target consensus of $428.60, implying a 30.3% upside from current levels. In a report issued on October 8, Evercore ISI also maintained a Buy rating on the stock with a $470.00 price target.

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