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AGCO

Agco

04:56
11/14/19
11/14
04:56
11/14/19
04:56

Agco upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Joel Tiss upgraded Agco to Outperform from Market Perform with a price target of $100, up from $80. The combination of "pent-up demand" across many of the company's segments and "substantial internal potential" makes the longer-term case for outsized returns for Agco shares "very attractive," Tiss tells investors in a research note. After spending time with management, the analyst believes the company is building strategy concentrated on driving longer-term operating margins toward 10% on about $9B-$10B worth of sales. Agco has right-sized its distribution channels, reduced manufacturing costs, and enhanced product quality, says the analyst.

  • 14

    Nov

  • 13

    Dec

AGCO Agco

09/11/19
JPMS
09/11/19
NO CHANGE
JPMS
In Machinery shift, JPMorgan upgrades Agco and Oshkosh, cuts Actuant
With her U.S. Machinery coverage universe underperforming the broader market year-to-date, but outperforming since Labor Day amid a rotation into cyclicals, JPMorgan analyst Ann Duignan established December 2020 price targets based on where she believes we are in the cycle for end market demand. The analyst sees North America and Europe truck demand at or beyond peak, North America construction equipment "perhaps rolling over" in 2020, North America agriculture equipment demand "likely stagnating" near mid-cycle, and mining equipment "slowly approaching" mid-cycle. Within this framework, Duignan this morning upgraded both Agco (AGCO) and Oshkosh (OSK) to Overweight from Neutral, saying both stocks look undervalued with relatively limited downside risk to earnings estimates. Additionally, the analyst downgraded Actuant (ATU) to Underweight from Neutral, saying the risks appear weighted to the downside at current valuation levels. She sees elevated risk of management overpaying for acquisitions should it pursue the pipeline of potential targets. Duignan also maintained Overweight ratings on Eaton (ETN), Caterpillar (CAT) and Terex (TEX), and Underweight ratings on Deere (DE) and Allison Transmission (ALSN).
09/16/19
BMOC
09/16/19
NO CHANGE
Target $80
BMOC
Market Perform
Agco price target raised to $80 from $65 at BMO Capital
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.
10/07/19
JEFF
10/07/19
NO CHANGE
Target $90
JEFF
Buy
AGCO estimates lowered on weakness in Brazil at Jefferies
Jefferies analyst Stephen Volkmann lowered his 2019 earnings per estimate for AGCO to $4.95 from $5.10 saying end market weakness continued in Brazil during the Q3 as resumption of the FINAME lending program appeared to take longer than expected. The company is also facing stronger currency headwinds from the weak euro and Brazilian real, Volkmann tells investors in a research note. The analyst, however, still sees upside due to replacement in North America and Brazil, coupled with AGCO's margin expansion efforts. He keeps a Buy rating on the shares with a $90 price target.
10/24/19
OTRG
10/24/19
DOWNGRADE
OTRG
Mixed
Farm Equipment Manufacturers downgraded to Mixed from Positive at OTR Global
OTR Global lowered its view on Farm Equipment Manufacturers, which includes Agco (AGCO), CNH Industrial (CNHI) and Deere (DE), to Mixed from Positive noting increased market uncertainty and weaker commodity prices.

TODAY'S FREE FLY STORIES

ACB

Aurora Cannabis

$2.52

-0.095 (-3.63%)

21:25
12/10/19
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Conference/Events
Aurora Cannabis management to meet with Cantor Fitzgerald. »

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SPY

SPDR S&P 500 ETF Trust

$313.58

-0.29 (-0.09%)

, SPX

S&P 500

$0.00

(0.00%)

21:00
12/10/19
12/10
21:00
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21:00
General news
White House Navarro says 'no indication' Dec 15th tariffs will be delayed »

Comments made on Fox…

SPY

SPDR S&P 500 ETF Trust

$313.58

-0.29 (-0.09%)

SPX

S&P 500

$0.00

(0.00%)

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T

AT&T

$38.07

0.025 (0.07%)

20:35
12/10/19
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20:35
Hot Stocks
AT&T sets 2020 cost cut target of 4%, enters into accelerated $4B buyback »

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AEO

American Eagle

$15.13

-0.21 (-1.37%)

, PLCE

Children's Place

$70.67

0.68 (0.97%)

20:25
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12/10
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

AEO

American Eagle

$15.13

-0.21 (-1.37%)

PLCE

Children's Place

$70.67

0.68 (0.97%)

UNFI

United Natural Foods

$9.88

0.19 (1.96%)

VRA

Vera Bradley

$12.05

-0.09 (-0.74%)

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SAGE

Sage Therapeutics

$63.23

0.55 (0.88%)

20:15
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20:15
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Hot Stocks
Sage Therapeutics CSO buys 25K shares of common stock »

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SAGE

Sage Therapeutics

$63.23

0.55 (0.88%)

20:14
12/10/19
12/10
20:14
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20:14
Hot Stocks
Sage Therapeutics CEO buys 7.5K shares of common stock »

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XP

XP

$0.00

(0.00%)

20:11
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12/10
20:11
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Syndicate
XP 72.5M share IPO priced at $27.00 »

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  • 11

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PMT

PennyMac Mortgage

$22.75

-0.055 (-0.24%)

20:08
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12/10
20:08
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Syndicate
PennyMac Mortgage 8M share Spot Secondary priced at $22.10 »

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  • 11

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SALM

Salem Media

$1.49

0.03 (2.05%)

19:48
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12/10
19:48
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Hot Stocks
Salem Media cuts quarterly dividend to 2.5c from 6.5c per share »

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HROW

Harrow Health

$6.74

0.21 (3.22%)

19:46
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Hot Stocks
Surgical Eyedrop wins return of patent from Harrow Health »

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ZUMZ

Zumiez

$34.02

-0.67 (-1.93%)

19:32
12/10/19
12/10
19:32
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19:32
Hot Stocks
Zumiez director sells 5.8K shares of common stock »

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TRC

Tejon Ranch

$16.07

0.02 (0.12%)

18:47
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Ken County board of supervisors reaffirms approval of Grapevine at Tejon Ranch »

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EXTR

Extreme Networks

$6.89

0.02 (0.29%)

, AVGO

Broadcom

$315.10

0.61 (0.19%)

18:43
12/10/19
12/10
18:43
12/10/19
18:43
Hot Stocks
Extreme Networks CEO: We've always been software driven »

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EXTR

Extreme Networks

$6.89

0.02 (0.29%)

AVGO

Broadcom

$315.10

0.61 (0.19%)

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  • 10

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WDFC

WD-40

$194.80

-0.94 (-0.48%)

18:36
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WD-40 names Garry Ridge as new board Chairman »

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  • 10

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ASPU

Aspen Group

$7.00

0.02 (0.29%)

, OLLI

Ollie's Bargain Outlet

$60.28

(0.00%)

18:34
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Aspen…

ASPU

Aspen Group

$7.00

0.02 (0.29%)

OLLI

Ollie's Bargain Outlet

$60.28

(0.00%)

PLAY

Dave & Buster's

$40.07

-0.2 (-0.50%)

PLT

Plantronics

$22.93

-0.44 (-1.88%)

CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

LDOS

Leidos

$89.63

-0.47 (-0.52%)

GME

GameStop

$6.50

0.18 (2.85%)

CORV

Correvio

$1.39

(0.00%)

AQST

Aquestive Therapeutics

$7.60

-0.14 (-1.81%)

KIDS

OrthoPediatrics

$38.40

-0.35 (-0.90%)

MDGL

Madrigal Pharmaceuticals

$118.45

1.16 (0.99%)

RCKT

Rocket Pharmaceuticals

$24.22

1.22 (5.30%)

MNTA

Momenta

$18.09

0.19 (1.06%)

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NFLX

Netflix

$293.21

-9.27 (-3.06%)

, UBER

Uber

$27.89

0.18 (0.65%)

18:27
12/10/19
12/10
18:27
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18:27
Periodicals
Peru seeks sales taxes from Netflix, Uber, Spotify, Reuters says »

Claudia Suarez of the…

NFLX

Netflix

$293.21

-9.27 (-3.06%)

UBER

Uber

$27.89

0.18 (0.65%)

SPOT

Spotify

$145.73

-0.71 (-0.48%)

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  • 10

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UBS

UBS

$11.95

-0.07 (-0.58%)

18:25
12/10/19
12/10
18:25
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Periodicals
Judge rebuffs UBS' effort to reject U.S. lawsuit, Reuters reports »

U.S. District Judge Margo…

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  • 10

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18:25
12/10/19
12/10
18:25
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General news
Treasury Market Summary »

Treasury Market Summary:…

AKS

AK Steel

$3.41

0.08 (2.40%)

, MT

ArcelorMittal

$17.66

-0.05 (-0.28%)

18:22
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Hot Stocks
USW union expresses support for new USMCA »

United Steelworkers…

AKS

AK Steel

$3.41

0.08 (2.40%)

MT

ArcelorMittal

$17.66

-0.05 (-0.28%)

NUE

Nucor

$57.76

0.005 (0.01%)

STLD

Steel Dynamics

$34.89

-0.21 (-0.60%)

X

U.S. Steel

$13.88

-0.215 (-1.53%)

TMST

TimkenSteel

$7.23

0.12 (1.69%)

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CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

, PLT

Plantronics

$22.93

-0.44 (-1.88%)

18:16
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12/10
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

Choice Hotels…

CHH

Choice Hotels

$97.40

-0.03 (-0.03%)

PLT

Plantronics

$22.93

-0.44 (-1.88%)

VSI

Vitamin Shoppe

$6.50

0.005 (0.08%)

FRG

Franchise Group

$14.39

(0.00%)

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  • 10

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XP

XP

$0.00

(0.00%)

18:10
12/10/19
12/10
18:10
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18:10
Syndicate
Breaking Syndicate news story on XP »

XP prices IPO at $27,…

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  • 11

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MSFT

Microsoft

$151.18

-0.17 (-0.11%)

17:50
12/10/19
12/10
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Hot Stocks
Microsoft, NTT in strategic alliance for enterprise digital transformation »

NTT Corporation and…

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  • 10

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GLD

SPDR Gold Shares

$137.96

0.37 (0.27%)

17:45
12/10/19
12/10
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17:45
Hot Stocks
SPDR Gold Shares holdings fall to 885.93MT from 886.23MT »

This is the lowest level…

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CBZ

CBIZ

$27.10

0.16 (0.59%)

17:40
12/10/19
12/10
17:40
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17:40
Hot Stocks
CBIZ chairman Gerard sells 64,000 common shares »

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XERS

Xeris Pharmaceuticals

$8.99

0.14 (1.58%)

17:38
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12/10
17:38
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17:38
Hot Stocks
Xeris Pharmaceuticals reports 'positive' phase 2 data in glucagon study »

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