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Fly News Breaks for September 16, 2019
AGCO
Sep 16, 2019 | 07:14 EDT
BMO Capital analyst Joel Tiss raised his price target on Agco to $80 after discussions with its VP of Investor Relations suggesting that the company's end markets are flat, inventories are in "good shape", and pricing is up about 150bps this year. The analyst is positive on Agco management's progress in transforming the company into a global manufacturer but keeps his Market Perform rating, saying the agricultural equipment market growth remains tepid following a multi-year downturn.
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