×
Pro Analysis

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

Deere excavator dirt
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."