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Stock Market & Financial Investment News

News Breaks
June 28, 2013
14:11 EDTAGCO, DEUSDA acreage report negative for farm equipment demand, says Wells Fargo
Wells Fargo views today's USDA acreage report, which suggests higher than expected corn acreage, as negative for both commodity prices and large farm equipment demand. Wells repeated its view that a bubble in North American high horsepower agricultural equipment demand has peaked.
News For DE;AGCO From The Last 14 Days
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January 23, 2015
08:32 EDTDEDeere announced indefinite layoffs at five locations for workforce adjustments
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January 22, 2015
14:47 EDTAGCOAGCO raises quarterly dividend to 12c from 11c per share
Payment will be made on March 16 to all stockholders of record as of the close of business on February 16.
January 12, 2015
15:47 EDTAGCO, DEUSDA data improved but still implies row crop cash decline, says Wells Fargo
Wells Fargo said the January data in the USDA's WASDE report indicates row crop cash flow will drop 18% year-over-year, which is improved from the 21% decline implied by the December report, but remains negative for Agricultural equipment makers like AGCO (AGCO) and Deere (DE). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.

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