Oppenheimer Maintains Outperform on AGCO, Lowers Price Target to $153
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Kristen Owen maintains an 'Outperform' rating on AGCO (NYSE:AGCO) but has lowered the price target from $158 to $153.
July 28, 2023 | 1:04 pm
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Oppenheimer has maintained an 'Outperform' rating on AGCO but lowered the price target from $158 to $153.
The news is directly related to AGCO as the company's price target has been lowered by Oppenheimer. However, the 'Outperform' rating has been maintained which indicates that the analyst still expects the stock to do better than the market. This could have a neutral impact on the stock as the positive rating is balanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100