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The target cut and below-market revised target provide a modest bearish analyst signal; targets are opinions, not assured outcomes.
What happened, with direct paths to the underlying reporting
Barclays lowered AGCO's target from $105 to $97, below the posted price of $103.72, indicating about 6% downside to the revised target.
Target: $97
Posted price: $103.72
Analyst firm: Barclays
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