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AGCO initiated with Buy rating at DA Davidson as ag equipment sales hit bottom (AGCO:NYSE)

tractor in a soybean field. Cultivation of soybean rows in the field.

Olga Kostrova /iStock via Getty Images

AGCO (AGCO) up 2.2% in Friday’s trading as DA Davidson initiated coverage of the agricultural machinery manufacturer with a Buy rating and $160 price target, noting the company’s focus on Europe, where ag trends are moderately healthy even as sentiment surveys

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