Shares of machinery-related companies are trading lower as rising oil prices have reinforced expectations that U.S. interest rates will remain elevated. Elevated financing costs could weigh on capital investment, reducing demand for heavy equipment and other large industrial purchases.

Bessent's Bond Rescue Fizzles, Walmart Craters 9%: Stock Market Today

Long-end Treasury yields snapped back toward 20-month highs; Walmart posted its worst session in four years.

UBS Maintains Neutral on AGCO, Lowers Price Target to $114

UBS analyst Steven Fisher maintains AGCO (NYSE:AGCO) with a Neutral and lowers the price target from $123 to $114.

Morgan Stanley Maintains Underweight on AGCO, Lowers Price Target to $99

Morgan Stanley analyst Angel Castillo maintains AGCO (NYSE:AGCO) with a Underweight and lowers the price target from $110 to $99.

Citigroup Maintains Neutral on AGCO, Lowers Price Target to $115

Citigroup analyst Kyle Menges maintains AGCO (NYSE:AGCO) with a Neutral and lowers the price target from $125 to $115.

Shares of machinery-related companies are trading higher in sympathy with Caterpillar after the company reported strong second-quarter financial results. Declining oil prices have also helped ease inflation concerns, with lower financing costs potentially supporting capital investment and demand for heavy equipment and other large industrial purchases.

Allison Transmission Raises FY2026 Sales Guidance from $5.575B-$5.925B to $5.800B-$6.000B vs $5.808B Est

Allison Transmission (NYSE:ALSN) raises FY2026 sales outlook from $5.575 billion-$5.925 billion to $5.800 billion-$6.000 billion vs $5.808 billion estimate.