JP Morgan Maintains Overweight on AGCO, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ann Duignan maintains an Overweight rating on AGCO (NYSE:AGCO) but lowers the price target from $135 to $130.
June 28, 2024 | 5:12 pm
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NEUTRAL IMPACT
JP Morgan analyst Ann Duignan maintains an Overweight rating on AGCO but lowers the price target from $135 to $130. This suggests confidence in AGCO's long-term prospects but a slight adjustment in expected short-term performance.
The Overweight rating indicates a positive long-term outlook, but the lowered price target suggests a tempered short-term performance expectation. This mixed signal is likely to result in a neutral short-term impact on AGCO's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100