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Agco shares rise as cost cuts lift profits hopes

2015-10-30 06:17:23| Industrial Machines - Topix.net

Agco shares soared, after the tractor manufacturer raised its earnings forecast, amid signs of a belt-tightening campaign boosting profitability in the face of a tough sales environment. The maker of Fendt and Massey Ferguson farm equipment nudged higher to $3.20 per share, from $3.10 per share, its full-year earnings forecast.

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