Shares of tractor and farm tools maker Deere (DE) have been on a tear this 12 months, just lately touching report highs. They dipped as we speak after an analyst instructed that perhaps they wanted to chill a bit.

Deere inventory ended Wednesday close to $515, down some 2% on the day. Within the rear-view mirror, that does not appear like a lot: The shares are up greater than 20% this 12 months, aided recently by quarterly income, reported earlier this month, that got here in higher than anticipated.

Immediately’s slip, which got here as broader markets fell, was maybe influenced by a report from BMO analysts, who’ve a impartial “market perform” ranking on the shares.

BMO lifted its value goal by $35 to $460, however that is the lowest of any tracked by Seen Alpha, the place the imply near $553 is about $38 increased than as we speak’s shut, and it could imply a return to costs final seen initially of this month. (Learn Investopedia’s full protection of as we speak’s buying and selling right here.)

Wall Avenue expects Deere’s income to fall for the present fiscal 12 months, based on Seen Alpha, then submit modest year-over-year progress within the subsequent one.

“We aren’t yet convinced growers will broadly return to make large capital purchases for some time,” the analysts wrote. “We remain neutral at current valuation, thinking the stock has run ahead a little early.”