Deere Upgraded at Lehman

It cites strong ag pricing.
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Lehman Brothers upgraded Deere (DE) - Get Report to overweight from equal weight and raised its price target to $135 from $95.

The firm boosted its 2008 earnings estimate to $8.20 a share from $7.25, citing strong pricing in the agriculture sector and hefty demand for the company's tractors and other gear.

Shares, up 13% this year, closed Tuesday at $107.04.