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Fly News Breaks for February 7, 2020
AGCO
Feb 7, 2020 | 07:02 EDT
Wells Fargo analyst Andrew Casey lowered his price target for Agco to $75 from $80 after the company missed its guidance in Q4 by ~40% with weaker margins in most segments. This sizeable miss followed an opportunity to update guidance at its December 2019 Investor Day, Casey tells investors, adding that this likely will put the stock into the proverbial penalty box. He maintains an Equal Weight rating.
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