Barclays Bumps Up Price Target For Several Machinery Stocks

Barclays analyst Adam Seiden updated the price target for several Machinery stocks.
Seiden recommends staying "nimble" in the machinery sector "where the bar is relatively high" going into the Q4 results.
The analyst raised Deere & Co's DE price target to $415 (an upside of 9%) from $400 and maintained an Overweight rating on the shares.
The analyst raised United Rentals Inc's URI price target to $300 (a downside of 11%) from $290 and maintained an Underweight rating on the shares.
The analyst increased Middleby Corp's MIDD price target to $217 (an upside of 11%) from $215 and maintained an Overweight rating on the shares.
The analyst raised Caterpillar Inc's CAT price target to $225 from $220 and maintained an Equal-Weight rating on the shares.
The analyst increased AGCO Corp's AGCO price target to $128 (an upside of 0.76%) from $123 and maintained an Equal-Weight rating on the shares.
Price Action: DE shares are trading higher by 1.11 at $380.42, URI by 1.66% at $337.46, MIDD by 0.76% at $195.74, CAT by 1.35% at $225.41, and AGCO by 2.44% at $126.77 on the last check Thursday.

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