AGCO to Present at the Jefferies 2014 Global Industrials Conference
AGCO stands poised to benefit from South America's agriculture revival.
We think the market is too focused on near-term farm equipment headwinds and not enough on a cyclical European trucking upturn.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.
Although ag machinery manufacturers may reap weaker 2014 results, we think Deere's narrow moat is intact.
This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ...
After several strong years of U.S. and Canadian machinery purchases, growth rates look to slow.
Widening investment-grade credit spreads and rising interest rates lead to losses.
The sector is still largely cyclical, but companies with moats will be in the best position to take advantage of long-term secular trends.
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