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The upgrade adds to a string of bullish analyst calls on the farm-equipment maker this week.
Deere stock rose after Baird upgraded the farm-equipment maker to Outperform, one of several fresh analyst calls on the company reported August 31, 2026.
Deere, CNH Industrial, AGCO and Titan Machinery all received rating upgrades from Baird on the same day, citing margin recovery and a turn in the North America crop outlook.
Baird upgraded its ratings on Deere, CNH Industrial, AGCO and Titan Machinery in a single day, pointing to margin recovery potential and improving inventory conditions across the farm-equipment sector.