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Fly News Breaks for December 3, 2018
AGCO
Dec 3, 2018 | 07:04 EDT
BofA/Merrill analyst Ross Gilardi upgraded Agco to Neutral and increased its price target to $63 from $58 due to a reduction in macro risks. Gilardi said the temporary cease fire in additional US-China tariff increases led to some Chinese concessions to resume US agricultural imports, which is a positive for US farmer and equipment demand.
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