Southwest Airlines has come a long way since it started operations four decades ago. Having established itself as a top carrier with an expanded national footprint, the company now plans to flag off international flights from nine U.S. cities by the end of this year.
Southwest Airlines currently carries a Zacks Rank #1 (Strong Buy).
The buyout will help AGCO to expand its grain handling and storage business in the fast growing off-farm segment. The acquisition is in sync with AGCO’s acquisition, expansion and modernization plans and matches perfectly with its GSI brand.
The company projected GSI sales to be up approximately 10% for full-year 2014 compared with 2013, with most of the growth occurring outside the U.S. In addition, global population growth and changing trends in diet are generating demand for additional grain storage and protein production capacity facilitating growth in the longer term.
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SOURCE Zacks Investment Research, Inc.