Weekly Trader and Bond Markets 22.04.24 – Deere & Co, Grafton Group & Microsoft


Opportunities this week:

  • We are reiterating our BUY rating on Deere as we believe that near-term consensus earnings estimates for the company are too conservative and that the long-term tailwinds for the business are not reflected in its discounted valuation.
  • Last week, we issued an updated research note on Grafton Group, reiterating our BUY rating with an unchanged price target of £11.50, which provides 24% for investors.
  • Following the stock’s poor performance last week (-5.4%) and ahead of its Q3 numbers that will be released on 25th April (Thursday) we are highlighting our Buy recommendation on Microsoft.