Barclays raised the firm’s price target on Agco (AGCO) to $116 from $110 and keeps an Equal Weight rating on the shares as part of a Q3 preview for the machinery and construction group. Inventories are improving across machinery, most notably in agriculture, the analyst tells investors in a research note. The firm sees an opportunity in some of the group’s relative laggards due to lower expectations.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGCO:
- Agco price target raised to $136 from $135 at JPMorgan
- Agco price target lowered to $142 from $143 at Truist
- Cautious Outlook for AGCO Amid Market Challenges and Low Adoption of Innovations
- AGCO Sells Stake in TAFE for $260 Million
- Agco announce EUR 54M investment in new production facilities in Finland