{"id":58949,"date":"2026-02-23T02:38:25","date_gmt":"2026-02-23T06:38:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-react-to-deere-downgrade-eu-us-trade-standoff-and-odesa-strikes\/58949\/"},"modified":"2026-02-23T02:38:25","modified_gmt":"2026-02-23T06:38:25","slug":"global-markets-react-to-deere-downgrade-eu-us-trade-standoff-and-odesa-strikes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-deere-downgrade-eu-us-trade-standoff-and-odesa-strikes\/58949\/","title":{"rendered":"Global Markets React to Deere Downgrade, EU-US Trade Standoff, and Odesa Strikes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Jefferies<\/strong> has downgraded <strong>Deere &amp; Co. (<a href=\"\/stock\/DE\">DE<\/a>)<\/strong> to <strong>Underperform<\/strong>, even as it raised its price target to <strong>$550<\/strong> from <strong>$475<\/strong>, signaling that the stock&#39;s recent rally has outpaced its fundamental value.<\/li>\n<li><strong>European Union<\/strong> lawmakers are moving to suspend the ratification of a major <strong>US trade deal<\/strong>, citing &quot;tariff chaos&quot; after the US administration hiked global duties to <strong>15%<\/strong>.<\/li>\n<li>A lethal <strong>Russian drone strike<\/strong> on <strong>Odesa<\/strong> has left <strong>two dead<\/strong> and caused significant damage to energy and industrial infrastructure, marking a sharp escalation in the conflict.<\/li>\n<li>Transatlantic trade stability is under threat as the <strong>European Parliament<\/strong> seeks &quot;legal certainty&quot; before proceeding with the <strong>Turnberry Agreement<\/strong>.<\/li>\n<\/ul>\n<h2>Jefferies Downgrades Deere Amid Valuation Concerns<\/h2>\n<p><strong>Jefferies<\/strong> analyst Stephen Volkmann has downgraded <strong>Deere &amp; Co. (<a href=\"\/stock\/DE\">DE<\/a>)<\/strong> from Hold to <strong>Underperform<\/strong>, despite increasing the firm&#39;s price target to <strong>$550<\/strong> from <strong>$475<\/strong>. The move comes as the stock recently traded above the <strong>$600<\/strong> level, suggesting a potential downside of nearly <strong>10%<\/strong> from current market prices.<\/p>\n<p>Analysts noted that while <strong>Deere (<a href=\"\/stock\/DE\">DE<\/a>)<\/strong> reported a stronger-than-expected first quarter, the <em>agricultural equipment cycle<\/em> remains under pressure from high interest rates and fluctuating farm incomes. The downgrade reflects a view that the market has become <em>overly optimistic<\/em> about a rapid recovery in 2027, ignoring immediate margin headwinds from <strong>$1.2 billion<\/strong> in projected tariff expenses.<\/p>\n<h2>EU-US Trade Deal Stalls Over &#39;Tariff Chaos&#39;<\/h2>\n<p>The <strong>European Parliament<\/strong> is set to freeze the ratification process for the <strong>Turnberry Agreement<\/strong>, a landmark trade deal intended to avert a full-scale trade war. <strong>Bernd Lange<\/strong>, chair of the Parliament\u2019s international trade committee, cited &quot;pure tariff chaos&quot; following the <strong>US Supreme Court&#39;s<\/strong> decision to strike down previous trade measures, which prompted the US to implement a new <strong>15% global tariff<\/strong>.<\/p>\n<p>The suspension of legislative work is intended to last until the EU receives &quot;clear commitments&quot; and a comprehensive legal assessment from Washington. <em>Transatlantic relations<\/em> have been further strained by US demands regarding the acquisition of <strong>Greenland<\/strong> and threats of additional duties on European allies, leading to a climate of <em>extreme unpredictability<\/em> for global exporters.<\/p>\n<h2>Lethal Strikes on Odesa Target Critical Infrastructure<\/h2>\n<p>Geopolitical tensions reached a new peak overnight as <strong>Russian forces<\/strong> launched a massive drone and missile attack on <strong>Odesa<\/strong>, resulting in <strong>two fatalities<\/strong> and at least three injuries. The strike targeted <strong>industrial, energy, and civilian facilities<\/strong>, damaging production warehouses and administrative buildings in the strategic port city.<\/p>\n<p>The <strong>Ukrainian Air Force<\/strong> reported that the barrage was part of a larger package involving nearly <strong>300 drones<\/strong> and <strong>50 missiles<\/strong> across the country. This escalation comes as the conflict enters its fifth year, with <em>market participants<\/em> closely monitoring the impact on <strong>Black Sea grain logistics<\/strong> and regional energy stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Jefferies has downgraded Deere &amp; Co. (DE) to Underperform, even as it raised its price target to $550 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[3905,4179,4816,4824,5190,5491,8836,9296,17553],"class_list":["post-58949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-de","tag-tariffs","tag-agriculture","tag-geopolitics","tag-jefferies","tag-eu-us-trade","tag-deere","tag-transatlantic-relations","tag-odesa"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=58949"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=58949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=58949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=58949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}