BMO downgrades Deere, says there is limited upside left after rally

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New for subscribers: BMO downgrades Deere, says there is limited upside left after rally. Check out CNBCPro today.

Farmer Claudio Lagomarsino cleans his John Deere combine after a day of harvesting wheat near Salto, Argentina.

The agriculture business could be on the front end of multi-year growth cycle, but investing inAnalyst Joel Tiss downgraded the machinery stock to market perform from outperform, saying in a note to clients on Thursday that even a bullish scenario for the underlying business wouldn't cause a big jump for the stock.

 

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