AGCO Corp
AGCO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &pJ | LOCK|>% | LOCK|zg#S%#> |
Agco Earnings: Europe Continues to Deliver, and North American Optimism Grows
Agco reported third-quarter results and continues to be supported by its outsize exposure to Europe, where sales grew 20% on a constant-currency basis and operating margin expanded to 15.6%. Large declines (30%) in North America continued, but management expressed conviction around the trough.
