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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.