AbbVie’s Underperformance, Deere’s Catch-Up Potential, And Pioneer’s Earnings Awaited
AbbVie reported second-quarter adjusted EPS of $2.91, down 13.6% Y/Y, beating the consensus of $2.80.
Bill Baruch of Blue Line Futures named Pioneer Natural Resources Company (NYSE: PXD), which is due to report earnings this week.
Analysts expect the company to report quarterly earnings at $4.30 per share on revenue of $3.58 billion.
Jim Lebenthal of Cerity Partners said Deere & Company (NYSE: DE) is a “great catch-up trade.”
DA Davidson analyst Michael Shlisky recently maintained Deere with a Buy and raised the price target from $492 to $510.
Don’t forget to check out our premarket coverage here.
Price Action: Deere shares fell 0.4% to settle at $427.11, while Pioneer Natural Resources shares rose 1.3% to close at $223.40 on Friday. AbbVie shares rose 1.3% to close at $150.85 during the Friday’s session.
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