Agco price target raised to $136 from $132 at Oppenheimer

Oppenheimer raised the firm’s price target on Agco (AGCO) to $136 from $132 and keeps an Outperform rating on the shares. The firm increased targets in the agriculture space as part of a Q1 preview. The analyst expects looking “healthy” Q1 results across its coverage, citing stabilization trends before the outbreak of the Iran conflict. “Sentiment in the industry remains resilient, with all eyes on the potential for fundamentals to diverge as the effects of higher-for-longer energy and fertilizer prices ripple through our coverage,” the analyst tells investors in a research note.