AGCO (AG) Upgraded at UBS

The stock is really taking off towards the close.

Currently, up 5.72% to 62.23.


AGCO numbers raised at UBS to $3.65 from $3.15. Price target raised to $54 from $50. Maintains Sell rating.

Lets expand on that. They raised their numbers by 0.50 or 16% but raised their price target 8%.

The stock grew sales 40% and is estimating to keep growing sales at a long term growth rate up to 30%. Margins are expanding: EPS grew 100% in the MRQ.

But the model for the UBS analyst says the stock will trade a at 15 P/E?

Your model is broken!

Regardless, I recommend taking profits due to the very large run-up the stock has had since most recent recommendation.