Deere & Co., maker of John Deere agricultural machinery, recently reported earnings that significantly surpased most analysts' projections. The company also increased its sales outlook for the year citing strong demand for farm-equipment despite weak economic conditions facing the agriculture industry and the ongoing COVID-19 pandemic. The report and forecast lifted the ceiling on analysts projections and led to a higher stock price.
More below:
https://www.nasdaq.com/articles/3-reasons-deeres-stock-is-hitting-all-time-highs-2020-08-25
https://finance.yahoo.com/news/wall-street-cultivates-even-more-195704265.html