Report
Kwame Webb
EUR 147.86 For Business Accounts Only

Telematics, South American Demand Are Rare Sources of Optimism at 2016 Farm Progress Show

We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...
Underlying
Trimble Inc.

Trimble is a provider of technology solutions. The company's solutions are used across a range of industries including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation, and utilities. The company has four reporting segments: Buildings and Infrastructure, which serves architects, engineers, contractors, owners, and operators; Geospatial, which serves customers working in surveying, engineering, and government; Resources and Utilities, which primarily serves customers working in agriculture, forestry, and utilities; and Transportation, which focuses on the transportation and logistics market.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Kwame Webb

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