On Aug 14, we issued an updated research report on AGCO Corporation ( AGCO - Free Report ). The company is poised to benefit from increased investments through capital expenditures and engineering spend. Its focus on acquisitions and cost-reduction efforts will also drive growth. In the second-quarter conference call, AGCO raised its net sales guidance to around $8 billion for 2017. The raised guidance highlights improved sales volumes, positive pricing and acquisition impacts. It also displays the benefits of AGCO's efforts to reduce expenses, raise efficiency of factories, invest in new technologies, productivity enhancements and roll out products. The company also lifted its earnings per share target for 2017 to around $3.00. It guided third-quarter 2017 earnings per share to be about 65–70 cents per share. It reaffirmed capital expenditure guidance range of $200–$225 million and free cash flow band of $225–$250 million in 2017.