AGCO downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded AGCO to Neutral citing low visibility following the company's weaker than expected Q2 results. Piper lowered its price target for shares to $62 from $67.
USDA data still negative for Ag equipment makers, says Wells Fargo Wells Fargo estimates USDA data for December indicates row crop cash flow will drop 21% from the prior year, which is consistent with November and still negative for farm equipment demand. The firm keeps its negative view on demand trends for farm equipment makers Deere (DE) and AGCO (AGCO). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.