AGCO: Jefferies confirms buy rating
(CercleFinance.com) - On Monday an analyst at Jefferies confirmed his "buy" rating on the AGCO share, after meetings with international investors of the agricultural equipment group.
"AGCO needs ~400bps of margin improvement to reach its 10% EBIT target and mgmt noted that half of that improvement will come from higher volumes, while the balance will come from items generally within the company's control," the broker appreciates.
Jefferies confirms its target price of 90 dollars for the share.
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