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Fly News Breaks for December 10, 2018
AGCO
Dec 10, 2018 | 16:41 EDT
Morgan Stanley analyst Courtney Yavakonis kept her Underweight rating and $53 price target on Agco ahead of its Analyst Day event next week, saying the company's FY19 guidance may undershoot consensus. The analyst warns that because of the "uncertainty surrounding farmer sentiment" and the company's order book, the reaction in the stock price may be "more volatile than typical" following the event.
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