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Fly News Breaks for December 14, 2016
BG
Dec 14, 2016 | 06:14 EDT
Following Bunge's investor day, Piper Jaffray analyst Brett Wong continues to believe the company is well positioned to benefit from improving fundamentals across business segments in the first half of 2017 and beyond. The U.S. dollar strength sets Bunge up favorably as South America crop is more competitive globally with forward selling in the region increasing, Wong tells investors in a research note. He raised his price target for the shares to $82 from $80 and keeps an Overweight rating on the name.