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Fly News Breaks for July 27, 2015
AGCO
Jul 27, 2015 | 06:43 EDT
Goldman upgraded AGCO to Neutral based on an increased mid-cycle estimates. The firm said AGCO is benefiting from lower raw material costs, strong cost controls, FX tailwinds, and global tractor platform integration raised its price target to $54 from $36. Goldman remains negative on the outlook for ad equipment capex given weaker farmer income and peak capital stock.
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