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Stock Market & Financial Investment News

News Breaks
August 12, 2013
14:42 EDTDE, CAT, AGCOCrop report indicates equipment demand likely to drop, says Wells Fargo
After the Department of Agriculture released its August crop report, Wells Fargo says that the modest improvement in row cash receipts was driven by statistical modeling changes. The firm thinks the report provides further evidence that the recent multiyear commodity price super cycle is likely ending, while demand for large farm equipment is likely to drop next year. The firm thinks the report suggests that North American large farm equipment demand could decline 30-50% through 2015. It keeps Underperform ratings on Deere (DE) and AGCO (AGCO).
News For DE;CAT;AGCO From The Last 14 Days
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August 29, 2014
10:18 EDTAGCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Neutral from Underweight at JPMorgan... OmniVision (OVTI) upgraded to Market Perform from Underperform at Raymond James... Brady (BRC) upgraded to Neutral from Sell at Northcoast.
07:41 EDTAGCOAGCO upgraded to Neutral from Underweight at JPMorgan
As previously reported, JPMorgan upgraded AGCO to Neutral from Underweight. The analyst said AGCO did not participate in the annual rolls during the up-cycle and will not be as impacted in the down-cycle. Price target raised to $51 from $50.
06:48 EDTAGCOAGCO upgraded to Neutral from Underweight at JPMorgan
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August 26, 2014
09:33 EDTDE, AGCOJefferies to hold booth tours at farm show
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09:30 EDTAGCO, DEGlobal Hunter Securities to hold meetings at farm show
Global Hunter Events at Farm Progress Show in Boone, Iowa on August 26-27.
09:25 EDTDE, AGCOFarm Progress Companies to hold a show
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07:22 EDTDEUBS to hold a tour
Iowa Machinery Tour travels through Iowa on August 26-27.
August 22, 2014
12:43 EDTDE, AGCODeere, AGCO fall after analyst cuts ratings to sell
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12:40 EDTDE, AGCODeere 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).
10:01 EDTDE, AGCOOn The Fly: Analyst Downgrade Summary
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09:00 EDTDEDeere announces 460 Waterloo layoffs
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08:17 EDTDEDeere downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Deere to Underperform based on weakening demand and excess inventory that will pressure revenues. Price target lowered to $75 from $85.
08:17 EDTAGCOAGCO downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded AGCO to Underperform based on weakening demand and excess inventory that will pressure revenues. Price target lowered to $44 from $50.
August 20, 2014
10:39 EDTCATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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