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Goldman: Buy Deere as agricultural economy can't get worse

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Daniel Acker | Bloomberg | Getty Images

Deere & Co. shares offer a great opportunity for investors on a potential agricultural industry upswing, according to Goldman Sachs.

"With demand at 30+ year lows, we see noteworthy risk-reward at what could be the turn in the soft commodity inventory cycle," Goldman analyst Jerry Revich wrote in a note to clients Thursday.

He added, "Deere is positioned to deliver strong operating leverage in a recovery."

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