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Stock Market & Financial Investment News

News Breaks
December 11, 2012
10:30 EDTAGCOAGCO 2013 outlook may have potential upside, says Wells Fargo
After AGCO provided initial 2013 guidance that equates to $10.2B-$10.4B for revenue and $5.50-5.75 for EPS, which were both above the Street consensus, Wells Fargo noted that the company has given relatively conservative initial outlooks in prior years. Wells called the 2013 outlook a positive for shares but maintains a Market Perform rating on AGCO.
News For AGCO From The Last 14 Days
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August 26, 2014
09:33 EDTAGCOJefferies to hold booth tours at farm show
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09:30 EDTAGCOGlobal Hunter Securities to hold meetings at farm show
Global Hunter Events at Farm Progress Show in Boone, Iowa on August 26-27.
09:25 EDTAGCOFarm Progress Companies to hold a show
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August 22, 2014
12:43 EDTAGCODeere, AGCO fall after analyst cuts ratings to sell
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12:40 EDTAGCODeere layoffs consistent with thesis, says Wells Fargo
After Deere (DE) announced that it would lay off 60 employees at its Waterloo, Iowa, manufacturing facility, Wells Fargo says the layoffs are consistent with the firm's view that the farm equipment cycle is in decline. The firm thinks that farm equipment manufacturers' earnings power are poised to decline ,and it keeps Underperform ratings on Deere and AGCO (AGCO).
10:01 EDTAGCOOn The Fly: Analyst Downgrade Summary
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08:17 EDTAGCOAGCO downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded AGCO to Underperform based on weakening demand and excess inventory that will pressure revenues. Price target lowered to $44 from $50.

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