BUZZ-Agri machinery firm AGCO falls after JP Morgan cuts PT
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AGCO Corp's shares fell 2.3% to $104.46 premarket after J.P. Morgan cut its price target to $123 from $127. The brokerage expects a challenging 2026 for North American agri equipment makers, with low-single-digit pricing growth. Despite this, AGCO is preferred over CNH Industrial due to its European exposure and Trimble partnership. Four brokerages rate AGCO as "buy" or higher, 10 as "hold," and 1 as "sell," with a median price target of $117. The stock is up 14.3% year-to-date.
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