Here’s Why These Five Stocks Are In Spotlight Today

AGCO Corporation (NYSE:AGCO) shareholders are happy today after Wells Fargo analyst Andrew Casey upgraded the equity to ‘Outperform’ from ‘Market Perform’ and hiked his target to $60-$63 per share from the previous $46- $49 per share. Casey thinks AGCO ‘will benefit from an anticipated bottoming in global farm equipment demand’ and that more favorable data coming out from Europe and Brazil could benefit around 70% of the company’s sales.  Shares of AGCO are 4.5% in the green so far today. The number of funds from our database with holdings in AGCO Corporation (NYSE:AGCO) fell by one quarter-over-quarter to 23 at the end of June.

Primo Water Corporation (NASDAQ:PRMW) shares have skyrocketed nu 12% after the company announced that it will buy Glacier Water Services to deliver various cost-efficiencies that management expects to generate $6-$7 million in annual synergies within 36 months of closing. Under the terms of the deal, the total preliminary transaction consideration is $263 million, consisting of $50 million in cash, around $36 million in Primo stock, and $177 million of net indebtedness and preferred stock being retired or assumed, and five-year warrants to buy 2 million Primo shares at an exercise price of $11.88 per share. A total of 17 funds from our database had a bullish position in Primo Water Corporation (NASDAQ:PRMW) at the end of June, unchanged from the previous quarter.

Mazor Robotics Ltd – ADR (NASDAQ:MZOR) is 14% in the green after the company announced that it has received purchase orders for 25 systems during the third quarter, including pre-launch orders for the recently unveiled Mazor X, a guidance platform for spine surgeries. The company expects total third quarter sales to be around $7.5 million. According to our data, five funds amassed 10.40% of Mazor Robotics Ltd – ADR (NASDAQ:MZOR)’s float at the end of the second quarter.

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