Deere shares have 20% upside as automation increases on the farm, Wells Fargo says

Sarah Min@_sarahmin
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Farmer Roger Hadley harvests corn from his fields in his John Deere combine in this aerial photograph taken over Woodburn, Indiana.
Bing Guan | Reuters

Deere is setting itself apart with greater technology advances, according to Wells Fargo, which initiated an overweight rating on the machinery stock.