Goldman Sachs is out with its research report today on AGCO Corp. (NYSE:
AGCO) in anticipation of AGCO's analyst day.
In a note to clients, Goldman Sachs writes, "We expect AGCO to introduce 2011 EPS guidance of $2.50-$2.65, below GS/ consensus of $3.10/ $2.86 as management is likely to set conservative South America sales targets given rising FENAME program financing costs and weak near-term orders."
Goldman Sachs maintains its Buy rating and $53 price target on AGCO.
AGCO closed Friday at $46.16.
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