Hack 20% off EPS guidance.
Slash price target in half.
Disembowel with a sell rating.
From Barron's Stocks to Watch:
Shares of AGCO Corp. (AGCO) are down more than 1% on Monday afternoon following a downgrade from Deutsche Bank.The stock is only down 27 cents at $47.33.
Analysts Vishal Shah and Chad Dillard lowered their rating on the stock from Hold to Sell and shaved $8 off their target price, to $8.
They write that the market is “far too optimistic” about the company’s earnings this year, as they believe the company could miss its EPS guidance of $3 by as much as 60 cents. One of the main culprits, they believe, is AGCO’s most profitable unit, its Parts segment, which they think could see sales decline by as much as 10%.
But that’s not the only headwinds AGCO faces, in their opinion. From their note:...MORE
'Tis but a flesh wound.
