Agco price target raised to $174 from $143 at Credit Suisse

Credit Suisse analyst Jamie Cook raised the firm’s price target on Agco to $174 from $143 and keeps an Outperform rating on the shares following the company’s Analyst Day. The analyst notes Agco plans to capitalize on three growth levers which include Fendt, Precision AG and parts and service coupled with focus on sustainability, to grow sales and expand operating margins.