2024-05-24 11:27:25 ET
Summary
- AGCO is a leading agriculture machinery and equipment manufacturer with the renowned Fendt brand in its portfolio.
- Due to softening demand, the stock is trading down and nears a depressed valuation.
- However, secular tailwinds and internal developments in the company poise in favor of a strong bull-case for AGCO.
AGCO: A Stock To Consider
David versus Goliath. This is how many viewed AGCO 's strategy to take market share from Deere in the U.S. by pushing Fendt sales. As a matter of fact, AGCO has seriously challenged Deere ( DE ) in North America, giving birth to " The Green Tractors Battle ". After all, AGCO couldn't stay idle before the margins North America allows....
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For further details see:
AGCO: Why I Am Buying