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ADM

Archer Daniels

$40.96

0.48 (1.19%)

, BG

Bunge

$77.56

7.92 (11.37%)

07:51
01/22/18
01/22
07:51
01/22/18
07:51

Archer Daniels could pay upwards of $96 per share for Bunge, says Stifel

After The Wall Street Journal reported that Archer Daniels Midland (ADM) had made a takeover approach to Bunge (BG), Stifel analyst Vincent Anderson said that strategically he sees such a potential deal as a relatively logical fit given that Bunge's business would "go a long way" to diversifying Archer Daniels' geographic exposure. He believes that Archer Daniels can pay upwards of $96 per share for Bunge while still making an accretive deal, Anderson tells investors. While also adjusting his estimates ahead of its Q4 report, Anderson trimmed his price target on the stock to $43 from $44 and keeps a Hold rating on Archer Daniels.

ADM

Archer Daniels

$40.96

0.48 (1.19%)

BG

Bunge

$77.56

7.92 (11.37%)

  • 06

    Feb

  • 14

    Feb

ADM Archer Daniels
$40.96

0.48 (1.19%)

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.
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.
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.
09/11/17
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.
BG Bunge
$77.56

7.92 (11.37%)

12/14/17
VERF
12/14/17
UPGRADE
VERF
Buy
Bunge upgraded to Buy from Hold at Vertical Group
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.

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