Agco price target raised to $110 from $90 at Citi

Citi raised the firm’s price target on Agco (AGCO) to $110 from $90 and keeps a Buy rating on the shares. The firm updated the company’s model following the Q1 report. The analyst says that while tariffs are expected to weigh on earnings in the near term, Citi has increased confidence in Agco’ ability to hit numbers in 2025 and return to growth in 2026. It views the company as well positioned to benefit from a likely recovery in Europe and South America, which Citi sees gaining momentum in the second half of 2025.