TRMB - AGCO's Trimble Ag JV Acquisition Is A Value-Creation Moment Says Analyst | Benzinga
Oppenheimer analyst Kristen Owen maintained an Outperform rating on the shares of AGCO Corporation (NYSE: AGCO) with a price target of $153.
AGCO has agreed to acquire an 85% interest in Trimble Inc's (NASDAQ: TRMB) portfolio of Ag assets and technologies for cash consideration of $2.0 billion and the contribution of JCA Technologies.
The JV is expected to be accretive to revenue growth (+$535 million), total company operating margin (32% adj. EBITDA margin), and EPS ...