The shares of Georgia-based agricultural issue AGCO Corporation (AG: sentiment, chart, options) vaulted 0.98% higher today on the heels of an upgrade. More specifically, the equity was boosted from "buy" to "strong buy" at Wall Street Access, with the brokerage firm issuing a $40 price target.

The rest of the analyst community seems equally enamored with the security. AG currently harbors 5 "strong buys" and 2 "buys," according to Zacks, compared to 3 "holds" and only 1 "sell." In addition, the equity's average 12-month price target rests at $32, Thomson Financial reports, at a level AG hasn't closed a session above since October. In order to attain this goal, the shares would need to zoom roughly 35% higher from today's closing price.

From a technical perspective, however, the adoration among analysts is arguably unwarranted. Since perforating support in the round-number 50 region in September, the shares of AG have virtually halved themselves, underperforming the S&P 500 Index (SPX) by 25% during the past 60 trading sessions. What's more, the equity continues to struggle with resistance from its 10-week moving average, which has contained the stock's journeys higher since August.