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AGCO Corp (AGCO) Stock Dips: Falls 6% in Session

AGCO Corporation ( AGCO ) saw a big move last session, as the company's shares fell by 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AGCO, as the stock is now down nearly 9% in the past one-month time frame.

Notably, shares began to dip after UBS Group AG (UBS) cut the company's ratings to Sell from Neutral.

This slump shouldn't be too much of a surprise to investors, as the current year earnings consensus for the company has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AGCO Corp currently holds a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Titan International Inc. ( TWI ) is a better ranked stock in the Farm Machinery space, sporting a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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