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Agco price target raised to $143 from $112 at Truist

Truist raised the firm’s price target on Agco (AGCO) to $143 from $112 and keeps a Buy rating on the shares after its Q2 earnings beat. AGCO continues to see 2025 as the bottom with markets at about 85% of midcycle, and the management sees a path to grow EPS in 2026, assuming flat markets with 2026 EPS helped by under-absorption costs going away, the analyst tells investors in a research note.

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