Truist Securities Maintains Buy on AGCO, Raises Price Target to $146
Truist Securities analyst Jamie Cook maintains AGCO (NYSE:AGCO) with a Buy and raises the price target from $135 to $146.
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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.
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