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Analysts See AGCO And Trimble's $2.4B Partnership As 'Positive Catalyst' For Farm Equipment Giant's Stock
Friday, October 13, 2023 - 4:02am | 555AGCO Corporation (NASDAQ:AGCO) and Trimble Inc. (NASDAQ:TRMB) have announced a significant merger of their precision-agriculture businesses. Barron’s reported that AGCO will own 85% of the joint venture after paying Trimble $2 billion. The joint venture, touted by AGCO CEO Eric...
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UPDATE: Jefferies Color on Deere & Company Downgrade
Thursday, May 19, 2011 - 8:16am | 128Jefferies, which downgraded shares of Deere & Company (NYSE: DE), is providing some color on the stock. “We believe farm fundamentals remain strong, but DE appears to have limited additional volume and margin upside this cycle in its North American ag business,” Jefferies writes. “We lower our...