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AGCO CP (AGCO) [hlAlert]

Rating:
Buy AGCO
up 40.92 %

AGCO CP (AGCO) rated Buy with price target $50 by Stifel Nicolaus

Posted on: Wednesday,  Jul 28, 2010  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy AGCO CP (NYSE: AGCO) on 07/28/2010, when the stock price was $34.53. Since
then, AGCO CP has gained 40.92% as of 01/27/2016's recent price of $48.66.
If you would have followed this Stifel Nicolaus's recommendation on AGCO, you would have gained 40.92% of your investment in 2009 days.

AGCO Corporation (AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements and a line of diesel engines. AGCO?s products are marketed under a number of brands including, Challenger, Fendt, Massey Ferguson and Valtra. It distributes most of its products through a combination of approximately 2,800 independent dealers and distributors in more than 140 countries. In addition, AGCO provides retail financing in the United States, Canada, Brazil, Germany, France, the United Kingdom, Australia, Ireland and Austria through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., which it refer to as Rabobank.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/28/2010 8:25 AM Buy
None
34.53 50.00
as of 12/31/2010
1 Week up  1.54 %
1 Month up  13.71 %
3 Months up  31.58 %
1 YTD up  48.65 %

(*) Stock Price at the time of the recommendation.
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