BofA lowered the firm’s price target on Agco (AGCO) to $87.50 from $100 and keeps a Neutral rating on the shares. The firm reduced estimates and targets for the ag equipment OEMs it covers to reflect a more cautious view of decrementals and the production cycle after having published its BofA farm equipment dealer survey.
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Read More on AGCO:
- Agco price target lowered to $105 from $125 at Truist
- Agco upgraded to Buy from Neutral at Citi
- Agco price target lowered to $88 from $100 at UBS
- AGCO’s Growth Potential: Strategic Initiatives and Market Expansion Drive Buy Rating
- Positive Outlook for Agco Amid Improving Sentiment and Strategic Growth in Key Regions