Times have been tough on the farm lately, causing AGCO (AGCO), No. 3 in world agricultural gear, to cut its 2009 earnings forecast. Analysts scaled back estimates for AGCO, whose brands include Massey-Ferguson, yet investors hardly winced. Rather than getting plowed, AGCO stock trades at 28.77, up from 15 on Mar. 6. "Earnings in the next four quarters will beat expectations," says Michael Camp of Northwest Criterion Asset Management, which owns shares.
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