JP Morgan Maintains Overweight on AGCO, Lowers Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on AGCO (NYSE:AGCO) but has lowered the price target from $157 to $142.
October 16, 2023 | 2:27 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on AGCO but lowers the price target from $157 to $142. This could potentially impact the stock's performance.
The news of JP Morgan maintaining an Overweight rating on AGCO but lowering the price target could have mixed effects on the stock. While the Overweight rating indicates a positive outlook, the lowered price target might cause some investors to reassess their positions, potentially leading to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100