Analysts at RW Baird believe AGCO should consider acquiring Caterpillar, according to a Feb. 23 report from Seeking Alpha. Analysts are quoted as saying, “The past 5 years have shown that the ag vertical is emerging as the machinery leader” in self-driving technology. Analysts also see potential in both retrofitting older equipment with technology and for AGCO to develop its own subscription revenue.

Analysts give the example of Deere’s acquisition of Wirtgen in 2017…