Tom Werner Summary Following my coverage on AGCO Corporation (NYSE:AGCO) in Nov’23, which I recommended a buy rating due to the strong orderbook that provided visibility into near-term performance, this post is to provide an update on my thoughts on the business and stock. I stay a buy rated for the stock as I believe we are already at the trough of this cycle today, and if things go well, the next upcycle will happen in FY25. The timing of this happening is hard to pinpoint, so I would rather be early  ...