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Fly News Breaks for June 19, 2017
AGCO
Jun 19, 2017 | 07:10 EDT
BofA/Merrill analyst Ross Gilardi upgraded AGCO to Neutral and increased its price target to $70 from $58 saying trends in the North American ag market are bottoming and the company has executed on its cost savings initiatives. The analyst still remains on the "sidelines" and needs to see better incremental margins in South America before becoming constructive on AGCO shares.
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