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BG

Bunge

$78.76

-1.09 (-1.37%)

12:16
07/31/17
07/31
12:16
07/31/17
12:16

Bunge announces FDA approval of petition to claim soybean oil as heart healthy

Bunge North America, the North American arm of Bunge, announced that the FDA approved its petition for a qualified health claim linking consumption of soybean oil to reduced risk of coronary heart disease. Bunge independently filed a petition with the FDA that included a summary of human clinical studies from top nutrition researchers demonstrating the heart health potential of soybean oil-America's most commonly used ingredient and top dietary source of omega-3 fats. Upon review, the FDA will allow companies to communicate that soybean oil may reduce coronary heart disease risk and lower LDL-cholesterol when replacing saturated fat and not increasing calories.

  • 02

    Aug

  • 14

    Aug

BG Bunge
$78.76

-1.09 (-1.37%)

06/07/17
FBCO
06/07/17
NO CHANGE
Target $90
FBCO
Outperform
Bunge price target raised to $90 on increased takeover odds at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target on Bunge to $90 from $80 citing his view of a higher probability that Glencore will acquire it, as he finds it hard to believe that the company would walk away from a compelling offer. He puts a 50% probability on the stock getting to $98 per share in a Glencore takeover and a 50% chance for Bunge to rise to $82 per share if it remains independent and gets more aggressive with its strategy to create value. Moskow keeps an Outperform rating on Bunge shares, which closed yesterday at $79.29.
05/24/17
FBCO
05/24/17
NO CHANGE
FBCO
Bunge CEO, board likely to engage Glencore, says Credit Suisse
Credit Suisse analyst Robert Moskow believes Bunge (BG) CEO Soren Schroder and the company's board will engage with Glencore (GLNCY) regarding a possible tie-up. Combining with Glencore "sounds like a logical way" to address the glut of grain supplies and the persistent problem of slow farmer-selling, Moskow told investors earlier in a research note. The analyst points out that Schroder himself said in the past that the industry needs to consolidate in order to improve returns. Moskow thinks $90-$95 per share is the "right range" for a buyout of Bunge. The stock, after rallying yesterday on news of Glencore's approach, is down 33c to $81.37 in morning trading. Moskow has an Outperform rating on the shares with an $80 price target.
05/04/17
05/04/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Krish Sankar saying First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in the second quarter of 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened. 2. Fogo De Chao (FOGO) upgraded to Buy from Hold at Canaccord with analyst Lynne Collier saying she sees an improved outlook for the overall industry in the next 12-24 months and she has increased confidence in the company's ability to drive market share gains. Collier raised her price target to $20 from $16 on Fogo de Chao shares. 3. Carlyle Group (CG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing the "strong" first quarter results and accrued carry. 4. Regions Financial (RF) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying the market is undervaluing a "significant capital return story" following the year-to-date underperformance relative to peers. The analyst sees upside to the dividend and thinks Regions can return 20% of its market capitalization over the next two years. Her price target of $17 implies 20% upside from current levels. 5. Bunge (BG) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan citing a balanced risk/reward following the 11% post-earnings selloff. The analyst keeps a $70 price target for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/17
FBCO
05/04/17
NO CHANGE
Target $80
FBCO
Outperform
Bunge price target lowered to $80 from $85 at Credit Suisse
Credit Suisse analyst Robert Moskow lowered his price target for Bunge to $80 from $85 following a "highly disappointing" Q1 earnings miss and forecast reduction. While he thinks "the massive pullback" in the stock is overdone, the stock will be in the "penalty box" until the company shows some signs that it can return to more normalized margins in an oversupplied global grain market. He reiterates an Outperform rating on the shares.

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DDS

Dillard's

$55.18

-0.75 (-1.34%)

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EPD

Enterprise Products

$25.07

-0.1 (-0.40%)

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LB

L Brands

$36.84

-2.11 (-5.42%)

14:58
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Nucor

$54.75

-1.98 (-3.49%)

14:58
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Syndicate
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AZN

AstraZeneca

$29.21

0.03 (0.10%)

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$112.99

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$29.21

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Tesaro

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-1.01 (-0.89%)

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Clovis

$71.77

-0.11 (-0.15%)

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GOOG

Alphabet

$926.96

4.74 (0.51%)

, GOOGL

Alphabet Class A

$944.27

6.19 (0.66%)

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Periodicals
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$926.96

4.74 (0.51%)

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Alphabet Class A

$944.27

6.19 (0.66%)

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AMAT

Applied Materials

$44.46

0.58 (1.32%)

14:49
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Options
Applied Materials options imply 6.9% move in share price post-earnings, above median historical move »

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  • 17

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AZN

AstraZeneca

$29.17

-0.015 (-0.05%)

, CLVS

Clovis

$71.77

-0.11 (-0.15%)

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Tesaro

$112.99

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  • 06

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FSM

Fortuna Silver Mines

$4.49

-0.01 (-0.22%)

14:30
08/17/17
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Options
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14:30
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General news
NY Fed's Survey of Primary Dealers showed expectations for December hike »

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PCLN

Priceline

$1,855.72

-5.115 (-0.27%)

14:26
08/17/17
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PAH

Platform Specialty Products

$12.21

-0.345 (-2.75%)

14:25
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Platform Specialty Products call volume above normal and directionally bullish »

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TLSYY

Telstra

$17.11

0.585 (3.54%)

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XLK

Technology Select Sector SPDR

$57.49

-0.785 (-1.35%)

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$67.77

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$67.77

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XLY

Consumer Discretionary Sector SPDR

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XLF

Financial Select Sector

$24.78

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SPY

SPDR S&P 500 ETF Trust

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-2.465 (-1.00%)

SPX

S&P 500

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ADP

ADP

$111.10

-0.48 (-0.43%)

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$NSD

NASDAQ Market Internals

14:17
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GT

Goodyear Tire

$30.29

-0.01 (-0.03%)

14:16
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$NYE

NYSE Market Internals

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USB

U.S. Bancorp

$52.02

-0.83 (-1.57%)

14:15
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Options
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AVGO

Broadcom

$253.42

-0.27 (-0.11%)

, CSCO

Cisco

$32.34

0.25 (0.78%)

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Brocade

$12.24

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