AGCO sees Q1 sales flat compared to prior year, consensus $2.28B Sees Q1 sales approximately flat compared to prior year. Also said in 2013 it expects more normal seasonality for production and sales and sees Q2 sales, like Q1, to be approximately flat with the same period in 2012. Guidance from Q4 earnings conference call.
AGCO sale to Deere or CNH unlikely, says BofA/Merrill BofA/Merrill said an AGCO (AGCO) sale to Deere (DE) or CNH (CNHI) is unlikely given antitrust factors and a tie-up with Japan's Kubota would face cultural obstacles. The firm raised its price target on Neutral rated AGCO to $58 from $53 to reflect activist investor Blue Harbour's increased stake but said industry fundamentals may still get worse.