What To Know About Goldman Sachs's Downgrade of AGCO

Goldman Sachs downgraded its rating of AGCO AGCO to Neutral with a price target of $135.00, changing its price target from $149.00 to $135.00.

Shares of AGCO are trading down 1.32% over the last 24 hours, at $133.41 per share.

A move to $135.00 would account for a 1.19% increase from the current share price.

About AGCO

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.