Deere, Agco Slide on Downgrade, Weaker U.S. Ag Market Outlook

Weakness in U.S. farm equipment sales, based on weaker commodity prices in the years ahead, are at the heart of a downgrade that sent Deere and Agco stock lower Wednesday. Shares of Deere (DE) were down 3% to $87.82, while Agco (AGCO) dropped more than 4% to $50.85, after Analyst Andrew Casey at Wells Fargo [...]