AGCO provided mixed outlook at investor day, says Wells Fargo Wells Fargo says AGCO at its investor day today announced a $500M share repurchase to be complete by June 2015, outlined favorable longer-term trends, and provided 2014 targets for $6.00 earnings per share on $10.8B-$11B revenue, essentially flat with reaffirmed 2013 guidance. Wells points out that AGCO said 2013 guidance may be difficult to achieve due to weaker than expected Q4 market conditions. Wells continues to expect the stock to underperform due to end market fundamental deterioration.
News For AGCO From The Last 14 Days
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