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ADM

Archer Daniels

$40.61

0.13 (0.32%)

, BG

Bunge

$69.78

0.14 (0.20%)

16:03
01/19/18
01/19
16:03
01/19/18
16:03

Archer Daniels made takeover approach to Bunge, WSJ says

Archer Daniels Midland (ADM) has made an acquisition approach to Bunge (BG), the Wall Street Journal reports, citing people familiar with the matter. The approach could establish a potential bidding war after Glencore (GLNCY) previously made an overture to Bunge, the report notes. Details of Archer Daniels' efforts are unclear and it's possible neither company succeeds in acquiring Bunge, the report says. Reference Link

ADM

Archer Daniels

$40.61

0.13 (0.32%)

BG

Bunge

$69.78

0.14 (0.20%)

GLNCY

Glencore

$11.29

-0.02 (-0.18%)

  • 06

    Feb

  • 14

    Feb

ADM Archer Daniels
$40.61

0.13 (0.32%)

09/11/17
BARD
09/11/17
INITIATION
Target $50
BARD
Outperform
Archer Daniels initiated with an Outperform at Baird
Baird analyst Benjamin Kallo initiated Archer Daniels with an Outperform and a $50 price target. The analyst believes Archer Daniels' global footprint is a competitive advantage, and the company's strong cash flow will support organic growth, enable bolt-on organic acquisitions, and potentially allow for a return of capital to shareholders.
09/28/17
SBSH
09/28/17
DOWNGRADE
Target $45
SBSH
Neutral
Archer Daniels downgraded to Neutral from Buy at Citi
Citi analyst David Driscoll downgraded both Archer Daniels (ADM) and Bunge Limited (BG) to Neutral citing "weak" industry conditions in oilseeds and grain merchandising. Disruptions in global trade flows and the lack of any meaningful grain dislocations are creating a weak environment, which should persist over the next several quarters, Driscoll tells investors in a research note. He lowered his price target for Archer Daniels to $45 from $49.
09/28/17
09/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dexcom (DXCM) was downgraded to Market Perform from Outperform at Raymond James and Northland and to Neutral from Overweight at JPMorgan. 2. Pier 1 Imports (PIR) downgraded to Hold from Buy at Loop Capital with analyst Anthony Chukumba saying near-term visibility will remain low as investors await management's new turnaround plan and the retailer's profitability will remain under pressure due to increased competition. 3. trivago (TRVG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak saying he believes online travel agencies Priceline (PCLN) and Expedia (EXPE) are reducing their spending with the company, which he sees making comparables tough until the second half of next year. 4. AutoNation (AN) downgraded to Neutral from Positive at Susquehanna. 5. Bunge (BG) and Archer Daniels (ADM) were downgraded to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/01/17
BMOC
11/01/17
NO CHANGE
Target $36
BMOC
Market Perform
Archer Daniels price target lowered to $36 from $41 at BMO Capital
BMO Capital analyst Kenneth Zaslow lowered his price target on Archer Daniels to $36 and kept his Market Perform rating after Q3 earnings fell short of expectations. Zaslow notes that corporate expense and tax decline was more than offset by softer Ag Services and Oilseeds, adding that the subdued outlook for FY17 implies that annual profits will miss the initial expectations. The analyst also notes that Archer Daniels will remain constrained in FY18 given limited tightness in the supply chain and U.S. soy capacity expansion.
BG Bunge
$69.78

0.14 (0.20%)

09/28/17
SBSH
09/28/17
DOWNGRADE
Target $75
SBSH
Neutral
Bunge downgraded to Neutral from Buy at Citi
Citi analyst David Driscoll downgraded both Archer Daniels (ADM) and Bunge Limited (BG) to Neutral citing "weak" industry conditions in oilseeds and grain merchandising. Disruptions in global trade flows and the lack of any meaningful grain dislocations are creating a weak environment, which should persist over the next several quarters, Driscoll tells investors in a research note. He lowered his price target for Bunge shares to $75 fro $88.
12/14/17
VERF
12/14/17
UPGRADE
VERF
Buy
Bunge upgraded to Buy from Hold at Vertical Group
GLNCY Glencore
$11.29

-0.02 (-0.18%)

03/07/17
JPMS
03/07/17
UPGRADE
JPMS
Neutral
Glencore upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Fraser Jamieson upgraded yesterday shares of Glencore to Neutral with a price target of 330p.
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.
12/15/17
JPMS
12/15/17
UPGRADE
JPMS
Overweight
Glencore upgraded to Overweight from Neutral at JPMorgan (yesterday)
JPMorgan analyst Fraser Jamieson yesterday upgraded Glencore to Overweight and added the shares to his firm's Analyst Focus List.

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$94.70

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, T

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$94.70

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JKHY

Jack Henry

$121.95

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PFBC

Preferred Bank

$64.05

0.86 (1.36%)

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AMZN

Amazon.com

$1,500.00

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Bright Scholar

$20.15

0.34 (1.72%)

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JNJ

Johnson & Johnson

$132.02

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, CMD

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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MYnd Analytics

$2.60

0.0301 (1.17%)

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