To begin the second half of 2015, equity research analysts’ views for the stocks of major farm equipment manufacturers shift to neutral with most taking “hold” positions on AGCO, Deere and CNH Industrial stocks.
AGCO reported its third quarter net sales were $2.2 billion, a 13% drop from third quarter sales in 2013. For the first 9 months of 2014, net sales were down 8.7% vs. last year.
A significant majority of the specialty equipment makers that Ag Equipment Intelligence spoke with at the Farm Equipment Manufacturers Assn. last month in San Antonio,Texas, reported their sales levels were solid through the first half of 2014.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.