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- AGCO (NYSE:AGCO) this week “missed a chance to reset 2024 steering” because the maker of farm equipment introduced a restructuring plan, analysts at financial-services agency Baird stated.
- “We predict 2024 steering will possible be reset to replicate income of much less than $13 billion, margin of 9.5%-10% and EPS nearer to $10,” Mig Dobre, analyst at Baird, stated in a report following AGCO’s (AGCO) disclosure of a cost-cutting plan.
- AGCO (AGCO) on Tuesday stated it will eradicate 6% of its salaried workforce amid weakening demand within the agriculture trade. The discount in headcount follows comparable cost-cutting strikes by Deere (DE) and (CNH).
