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Fly News Breaks for March 7, 2018
BG
Mar 7, 2018 | 06:38 EDT
JPMorgan analyst Ann Duignan upgraded Bunge to Overweight with a $90 price target following a period of restriction. The analyst previously had a Neutral rating on the shares with a $77 price target. Duignan view the likelihood of a Bunge takeover as probable given the "structural headwinds facing the industry." A strategic buyer would likely be willing to pay a premium multiple, the analyst tells investors in a research note. She is not suggesting that $90 per share would be the eventual price paid for Bunge.
News For BG From the Last 2 Days
BG
BG
Apr 24, 2024 | 06:05 EDT
