Agco price target raised to $145 from $142 at JPMorgan

JPMorgan raised the firm’s price target on Agco to $145 from $142 and keeps an Overweight rating on the shares. The analyst believes Agco has the potential to outgrow the agriculture industry in this downturn. The firm is now modeling tractor and combine sales down 10%-25% across geographies and lowered estimates for the agriculture equipment makers.