12:30 PM EDT, 08/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Following AGCO's ( AGCO ) Q2 release, we raise our 12-month price target to $100 from $80, valuing shares at 15.5x our 2026 EPS outlook of $6.42 (updated from $6.08; 2025 EPS view lifted to $4.83 from $4.19), above AGCO's ( AGCO ) long-term historical multiple given our expectation for recovering earnings from a lower base. AGCO's ( AGCO ) Q2 performance was better than expected, with operating EPS of $1.35 being $0.27 above consensus. Earnings expectations have risen for the next year as a result. Sales continued on their downward trajectory (-19% Y/Y), though they were still ~$140M more than what was expected as inventory destocking efforts gained traction. North American channel inventories remain high, though production cuts should help. Encouragingly, cost savings contributed to better-than-feared margins, sitting at higher levels vs. previous troughs. We acknowledge the progress made during the quarter, though we retain our Sell view on shares given the strong run-up YTD.