Stocks React to Deals, Upgrades, Earnings: Trimble Jumps on AGCO Stake Sale, DigitalBridge Up on Upgrade, Jefferies Hurt by Slowdown, Accenture Falls on Guidance

Trimble stock jumps on deal for AGCO to acquire 85% stake in Trimble's agribusiness for $2 billion.
DigitalBridge shares rise after JPMorgan upgrades stock to overweight on business transformation.
Jefferies profits hurt by deal slowdown but CEO optimistic on investment banking momentum.
Accenture shares fall on mixed earnings results and weak full-year guidance.
CarMax earnings and revenue decline as used car demand weakens, stock drops.

cnbc.com

Relevant topic timeline:

9/28/2023

Trimble and AGCO have formed a smart-farming joint venture to compete with Deere, benefiting farmers and investors.