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Fly News Breaks for August 15, 2019
AGCO
Aug 15, 2019 | 09:20 EDT
As previously reported, Stephens analyst Ashish Gupta initiated Agco with an Overweight rating and $80 price target. The analyst views Agco as a "farm machinery pure-play" whose geographic diversification should allow it to grow earnings even if ag markets in the U.S. and South America remain weak. The recent pullback in the shares following the August WASDE report from the USDA provides investors with an entry point, Gupta contends.
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