10:50 AM EST, 11/25/2025 (MT Newswires) -- Deere (DE) may provide a wider fiscal 2026 net income guidance range than in recent years due to uncertainty around agricultural, monetary, and trade policies, as well as margin pressure, UBS Securities said in a report emailed Tuesday.

The heavy equipment manufacturer's guidance range typically spanned about $500 million for the past four years, and it is likely to widen the range for fiscal 2026 by $100 million on the high and low ends, according to UBS, which is now expecting the initial range to be $4.4 billion to $5.1 billion.

UBS also estimates earnings of $17.90 per share for fiscal 2026.

The firm reiterated a buy rating and a $535 price target on Deere's stock.

Shares of the company were up 2% in recent Tuesday trading.

Price: 497.05, Change: +9.82, Percent Change: +2.02