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Stock Market & Financial Investment News

News Breaks
December 17, 2013
10:45 EDTAGCOAGCO 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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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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