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Fly News Breaks for June 27, 2016
PH, PCAR, AGCO
Jun 27, 2016 | 06:14 EDT
JPMorgan analyst Ann Duignan downgraded AGCO (AGCO) to Underweight citing weakening fundamentals in European agriculture. The company has the greatest exposure to Europe in our Machinery coverage, Duignan tells investors in a research note. She cut her price target for the shares to $44 from $47. The analyst this morning also downgraded PACCAR (PCAR) and Parker-Hannifin (PH) to Underweight from Neutral.
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