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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.
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April 9, 2014
14:00 EDTAGCOApril WASDE data imply modest row crop cash improvement, says Wells Fargo
Well Fargo estimates that the latest WASDE report from the USDA implies U.S. row crop farmer cash receipts declining 13% in 2013/14 from the prior year, which is a modest improvement from March's implied forecast. The firm notes that the data still suggests an apparent decrease in 2013/2014 farm cash flow and keeps its Underperform ratings on Deere (DE) and AGCO (AGCO).

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