Baird lowered the firm’s price target on Agco (AGCO) to $119 from $127 and keeps an Outperform rating on the shares after the company held its analyst meeting, where it introduced initial FY25 guidance that is “essentially pointing to demand at cycle bottom and maximum pressure” on production and earnings in the first half of 2025. Management raised the mid-cycle margin target, but getting there will take time and higher volumes, the analyst tells investors following the event.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGCO:
- Agco raises long-term financial targets
- Agco sees 2025 market share gains ‘more than offset’ by soft demand, destocking
- Micron sinks on guidance, TripAdvisor to buy Liberty TripAdvisor: Morning Buzz
- Agco targets 14%-15% mid-cycle adjusted operating margin
- Agco sees FY25 adjusted EPS $4-$4.50, consensus $6.75