AGCO rises on $1 billion stock repurchase plan

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