In an Aug. 14 note to investors, analysts at RW Baird spoke about their concerns regarding rising new inventory levels and flattening equipment prices and how it might affect publicly traded ag equipment companies’ business. They said they maintain a positive long-term view on AGCO, CNH Industrial and John Deere, but are “incrementally negative on Titan Machinery; we see risks to both volume and margin (used equipment) into calendar year 2024.”
RW Baird…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
