Truist Securities Maintains Buy on AGCO, Lowers Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jamie Cook maintains a Buy rating on AGCO Corporation (NYSE:AGCO) but lowers the price target from $142 to $137.

May 03, 2024 | 1:46 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on AGCO Corporation but lowers the price target from $142 to $137.
The adjustment in price target by Truist Securities reflects a slight moderation in their valuation assessment of AGCO Corporation, possibly due to market conditions or company-specific factors. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals and growth prospects. The impact on the stock price is likely neutral in the short term as the reduction in the price target is relatively modest and is counterbalanced by the reaffirmation of the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100