Agco price target raised to $115 from $110 at BMO Capital

BMO Capital raised the firm’s price target on Agco (AGCO) to $115 from $110 and keeps a Market Perform rating on the shares after its Q4 earnings beat. With North America large ag continuing as the problematic equipment market, AGCO’s relatively smaller exposure to this market is attractive versus peers, the analyst tells investors in a research note.