Diamonds and Dogs
Deere (DE) jumps on an upgrade. Deere is up 5% on an upgrade at Citigroup with a buy rating. After a 30% decline in the last three months, the analysts believe the risk reward is better. Plus, higher food prices are helping boost profits for farmers at least on the East coast. Maybe they can buy more equipment in the next year.
Boston Beer (SAM) continues to struggle. The owner of Sam Adams and a number of alcoholic seltzer drinks is down a percent on a downgrade from RBC Capital. The analyst believes the company will need to cut guidance as sales volumes continue to struggle, particularly the Truly brand.
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