The Manufacturing - Farm Equipment industry is likely to bear the impact of low farm income in the near term. However, demand will eventually pick up, aided by growing demand for food. Companies like DE, KUBTY, AGCO and LNN are poised to gain.
BGS, CNH and FIVE have been added to the Zacks Rank #5 (Strong Sell) List on July 8, 2024.
Lindsay's (LNN) Q3 top line reflects the impacts of lower sales in the Irrigation segment, offset by higher sales in the Infrastructure segment.