Citi upgraded Agco (AGCO) to Buy from Neutral with a price target of $90, down from $98. The firm sees Agco as favorably positioned given its 65% exposure to Europe and South America, which it anticipates recovering ahead of North America. Further, the company’s PTx business will outgrow the market given Citi’s view that precision retrofit technology should be more resilient through the cycle, the analyst tells investors in a research note.
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Read More on AGCO:
- Agco price target lowered to $88 from $100 at UBS
- AGCO’s Growth Potential: Strategic Initiatives and Market Expansion Drive Buy Rating
- Positive Outlook for Agco Amid Improving Sentiment and Strategic Growth in Key Regions
- Agco price target raised to $98 from $95 at Citi
- Balanced Outlook for Agco: Hold Rating Maintained Amid Modest Growth and Market Uncertainties