Goldman Sachs analyst Adam Samuelson upgraded Bunge to Buy from Neutral with a price target of $67, up from $64. The stock has been a notable underperformer year-to-date, only rising 1% versus the S&P 500 index's gain of 26%, Samuelson tells investors in a research note. However, he sees Bunge as a "unique self-help story" within Agriculture that can gain "increasing appeal" in 2020 as elements of its turnaround become clearer. The analyst believes management will provide incremental disclosure on its plans to achieve a 9%-plus return on invested capital. Further, an improving cyclical backdrop "presents optionality," adds Samuelson.

Bunge is down -6.6%, or -$7.20 to $102.42.