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Fly News Breaks for June 10, 2015
AGCO, DE
Jun 10, 2015 | 15:08 EDT
The USDA's June World Agricultural Supply and Demand Estimates, or WASDE, report, saw an estimated a 7% year-over-year crop cash flow drop, which Wells Fargo sees as negative for future high horsepower farm machine demand and agricultural equipment manufacturers. The firm maintained its Market Perform rating on Deere (DE) and Underperform rating on AGCO (AGCO).
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