AGCO

Jefferies increases its price target on AGCO (NYSE: AGCO) from $53 to $58.

As we head into 2011, J.P. Morgan reports that the outlook for global agriculture is mixed. “Globally, crop farmers are likely to do well on the back of lower supplies, higher prices and reasonable input costs,” J.P. Morgan writes. “However, the FAO food price index is nearing the high set in mid-...