UPDATE: Morgan Stanley Initiates Coverage on AGCO on Multiple Positive Factors

In a report published Thursday, Morgan Stanley analyst Nicole DeBlase initiated coverage on AGCO Corporation (NYSE: AGCO ) with an Overweight rating and $73.00 price target. In the report, Morgan Stanley noted, “AGCO has historically outperformed DE when the USDA forecasts a Y/Y decline in 1-year forward cash receipts, like