AGCO Corporation (AGCO)
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AGCO: the tractor cycle is weak, but precision ag gives it an escape hatch
AGCO is a global farm-equipment maker with Fendt, Massey Ferguson, PTx and Valtra, but the current thesis is a cycle and execution test: FY2025 sales fell 13.5%, Q1 2026 sales rebounded 14.3%, Europe carried segment profit, and PTx precision agriculture must p
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