Agco (AGCO – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kyle Menges from Citi maintained a Hold rating on the stock and has a $98.00 price target.
Kyle Menges has given his Hold rating due to a combination of factors that reflect both positive and cautious outlooks for Agco’s future performance. The analyst has updated the financial model for Agco, making slight adjustments to the earnings estimates for the coming years. While the 2025 adjusted EPS estimate was lowered due to reduced expectations in North American agriculture and PTx, the projections for 2026 and 2027 were increased, driven by improved sales and margins in the European market, which appears to be recovering.
Additionally, the target price for Agco’s stock was slightly raised to $98 from $95, influenced by the higher long-term estimates and increased multiples across the agricultural sector. Despite these adjustments, the expected share price return remains modest at 4.4%, supporting the decision to maintain a Hold rating. This suggests that while there are positive developments, they are balanced by uncertainties, warranting a cautious approach for investors.
In another report released on March 3, Robert W. Baird also downgraded the stock to a Hold with a $100.00 price target.