Ratings on shares of American Eagle (NYSE: AEO), AGCO Corp. (NASDAQ: AGCO), Aeropostale, Inc. (NYSE: ARO), Brookdale Senior Living, Inc. (NYSE: BKD) and Immucor, Inc. (NASDAQ: BLUD) were upgraded by analysts.
FBR Capital upgraded American Eagle (NYSE: AEO) from a “market perform” rating to an “outperform” rating. They have a price target of $17.00 on the company.
UBS AG (NYSE:UBS) upgraded AGCO Corp. (NASDAQ: AGCO) from a “neutral” rating to a “buy” rating. They have a price target of $60.00 on the company.
FBR Capital upgraded Aeropostale, Inc. (NYSE: ARO) from an “underperform” rating to a “market perform” rating. They have a price target of $20.00 on the company.
Goldman Sachs (NYSE:GS) upgraded Brookdale Senior Living, Inc. (NYSE: BKD) from a “neutral” rating to a “buy” rating.
RBC Capital upgraded Immucor, Inc. (NASDAQ: BLUD) from a “sector perform” rating to an “outperform” rating. They have a price target of $25.00 on the company, up from $19.00.
Showing posts with label AGCO. Show all posts
Showing posts with label AGCO. Show all posts
Thursday, May 26, 2011
Tuesday, October 12, 2010
Deere (NYSE:DE), CNH Global (NYSE:CNH), AGCO (Nasdaq:AGCO) and Lower Crop Yields
Agricultural stocks have been blazing as corn, soybean and wheat ending stocks were all lowered from prior estimates, with corn falling 21 percent and soybeans 26 percent below consensus. Wheat dropped 5 percent below former projections, 2 percent below consensus.
UBS (NYSE:UBS) said this about the changes, "USDA lowered its forecast of 2010/11 corn production to 12.664B bushels, from 13.160B bu, on lower corn yield. Also, USDA lowered its forecast of 2010/11 ending corn stocks to 902M bu, from 1.116B bu, 21% below the consensus forecast of 1.149B bu. USDA lowered its soybean ending stocks forecasts to 265M bu (26% below consensus of 356M), and lowered its wheat ending stocks forecast by 5% to 853M bu (2% below consensus of 870M). Given that forecasted corn and soybean ending stocks were well below consensus, we see the report as bullish for corn and soybean prices."
UBS kept a "Neutral" rating on Deere (NYSE:DE) and CNH Global (NYSE:CNH), while maintaining a "Sell" on AGCO (Nasdaq:AGCO), as farm as farm machinery makers go.
Lower yields should result in higher prices and margins, which could end up with farmers ordering more new machinery.
UBS (NYSE:UBS) said this about the changes, "USDA lowered its forecast of 2010/11 corn production to 12.664B bushels, from 13.160B bu, on lower corn yield. Also, USDA lowered its forecast of 2010/11 ending corn stocks to 902M bu, from 1.116B bu, 21% below the consensus forecast of 1.149B bu. USDA lowered its soybean ending stocks forecasts to 265M bu (26% below consensus of 356M), and lowered its wheat ending stocks forecast by 5% to 853M bu (2% below consensus of 870M). Given that forecasted corn and soybean ending stocks were well below consensus, we see the report as bullish for corn and soybean prices."
UBS kept a "Neutral" rating on Deere (NYSE:DE) and CNH Global (NYSE:CNH), while maintaining a "Sell" on AGCO (Nasdaq:AGCO), as farm as farm machinery makers go.
Lower yields should result in higher prices and margins, which could end up with farmers ordering more new machinery.
Friday, October 8, 2010
CNH (NYSE:CNH), Deere (NYSE:DE), Agco (NYSE:AGCO) Skyrocket on Lower Corn Projections
The downward adjustment of corn production by the U.S. Department of Agriculture has driven up stocks in the agriculture sector Friday, including farm equipment makers CNH Global NV, (NYSE:CNH), Deere & Co. (NYSE:DE) and Agco Corp. (NYSE:AGCO)
Major fertilizer movers are CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).
For the farm equipment companies, leading the sector is CNH Global NV, which stood at $41.34, gaining $3.65, or 9.68 percent at 1:38 PM EDT. Agco Corp. was right behind them, rising to $42.81, a gain of $3.60, or 9.18 percent. Deere surged to $76.32, gaining $4.42, or 6.15 percent.
Corn, wheat and soybeans were all up on the downwardly revised corn expectations.
Major fertilizer movers are CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).
For the farm equipment companies, leading the sector is CNH Global NV, which stood at $41.34, gaining $3.65, or 9.68 percent at 1:38 PM EDT. Agco Corp. was right behind them, rising to $42.81, a gain of $3.60, or 9.18 percent. Deere surged to $76.32, gaining $4.42, or 6.15 percent.
Corn, wheat and soybeans were all up on the downwardly revised corn expectations.
Tuesday, October 5, 2010
Caterpillar (NYSE:CAT), Deere (NYSE:DE), Cummins (NYSE:CMI), AGCO (Nasdaq:AGCO) and Eaton (NYSE:ETN) among Favorites of Barclays (NYSE:BCS) for Brazil Exposure
In their recent research trip to Brazil concerning building out their infrastructure, Barclays (NYSE:BCS) came away with several favorites in the machinery sector serving the build-out, including Caterpillar (NYSE:CAT), Cummins (NYSE:CMI), Deere (NYSE:DE), AGCO (Nasdaq:AGCO) and Eaton (NYSE:ETN)
The two favorites of Barclays in the entire group are Caterpillar and CMI.
Overall, Barclays said after talking to these and many other players in Brazilian infrastructure projects, the feeling is things are picking up and those companies with large exposure should reap strong rewards going forward, as expenditures are increasing.
Brazil has been overshadowed by China and to a lesser extent India recently, and it may be their time to shine as significant capital is generated from a variety of energy sectors and projects.
Other companies they met with in the equipment industry were Terex (NYSE:TEX) and Bucyrus International (Nasdaq:BUCY).
The two favorites of Barclays in the entire group are Caterpillar and CMI.
Overall, Barclays said after talking to these and many other players in Brazilian infrastructure projects, the feeling is things are picking up and those companies with large exposure should reap strong rewards going forward, as expenditures are increasing.
Brazil has been overshadowed by China and to a lesser extent India recently, and it may be their time to shine as significant capital is generated from a variety of energy sectors and projects.
Other companies they met with in the equipment industry were Terex (NYSE:TEX) and Bucyrus International (Nasdaq:BUCY).
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