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Fly News Breaks for December 15, 2015
AGCO
Dec 15, 2015 | 12:58 EDT
After AGCO gave FY16 EPS guidance that fell short of consensus and was lower than UBS' already below-consensus forecast, analyst Steven Fisher said that management was not confident that 2016 would be the bottom. Fisher, who sees ongoing risk that the downturn could extend into 2017, keeps a Sell rating and $39 price target on AGCO.
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