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Stock Market & Financial Investment News

News Breaks
August 22, 2014
12:40 EDTAGCO, DEDeere layoffs consistent with thesis, says Wells Fargo
After Deere (DE) announced that it would lay off 60 employees at its Waterloo, Iowa, manufacturing facility, Wells Fargo says the layoffs are consistent with the firm's view that the farm equipment cycle is in decline. The firm thinks that farm equipment manufacturers' earnings power are poised to decline ,and it keeps Underperform ratings on Deere and AGCO (AGCO).
News For DE;AGCO From The Last 14 Days
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March 31, 2015
14:00 EDTAGCO, DEUSDA data a modest short-term negative for Deere, AGCO, says Wells Fargo
Wells Fargo said the USDA's Prospective Plantings report had a higher acreage forecast for corn and lower for soybeans and wheat than the consensus view. The firm said it sees the combination of that data and the Grain Stocks report as a modest short-term negative for farm equipment stocks and it maintains its Market Perform rating on Deere (DE) and Underperform rating on AGCO (AGCO).
13:47 EDTDEDeere completes sale of crop insurance business
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