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Fly News Breaks for September 29, 2015
BG
Sep 29, 2015 | 06:16 EDT
Credit Suisse upgraded Bunge to Outperform and lowered its price target to $85 from $88. Analyst Robert Moskow said Bunge shares have fallen in recent weeks on concerns about the impact of the Brazilian real on Brazilian agribusiness conditions. Moskow said the weaker currency is a net positive for Bunge as it can lock in sales and attractive margins as farmers step up the sale of their crops. The analyst recommends buying Bunge ahead of Q3 results and said the dislocation in the stock is a near-term opportunity.
News For BG From the Last 2 Days
BG
BG
BG
Apr 24, 2024 | 09:47 EDT
Bunge is down -6.6%, or -$7.20 to $102.42.
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