JPMorgan lowers AGCO price target from $130 to $115, and Q2 EPS missed consensus estimate.

JPMorgan lowers AGCO price target from $130 to $115, while maintaining an overweight rating. AGCO Q2 EPS of $2.53 missed consensus estimate of $2.90, and revenue was $3.25B versus $3.48B estimates. Other analysts also reduced their targets, with UBS lowering its price objective to $104, and AGCO has a market cap of $6.68B, PE ratio of 6.06, and beta of 1.27.

August 04, 2024
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