BUZZ-AGCO rises on $1 billion stock repurchase plan

Reuters

07/10

** Shares of farm equipment maker AGCO Corporation AGCO.N rise about 2.77% to $113 in extended trading

** Company on Wednesday announced a stock repurchase plan of up to $1 billion for its common stock

** Repurchase will be carried out from time to time, in open market transactions at prevailing market prices or in privately negotiated transactions

** Four of 16 brokerages rate the stock "buy" or higher, ten "hold" and two "sell"; their median PT is $105.50, according to data compiled by LSEG

** As of last close, stock up ~17.6% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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