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Fly News Breaks for May 14, 2019
DE, AGCO
May 14, 2019 | 06:32 EDT
JPMorgan analyst Ann Duignan upgraded Agco (AGCO) to Overweight from Neutral and raised her price target for the shares to $77 from $66. The analyst coupled the upgrade with a downgrade of Deere (DE) to Underweight from Neutral. Given Agco's limited exposure to the U.S. row crop sector, the recent sell-off in the shares is overdone, Duignan tells investors in a research note. She sees a good entry point at current share levels.
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