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ADM

Archer Daniels

$45.50

-0.295 (-0.64%)

, BG

Bunge

$73.72

-1.935 (-2.56%)

18:03
04/20/18
04/20
18:03
04/20/18
18:03

Archer Daniels, Bunge talks end without merger deal, Bloomberg reports

Advanced merger discussions between Bunge (BG) and Archer Daniels Midland (ADM) have ended without a deal, Bloomberg reports, citing people familiar with the matter. ADM was not able to circumvent potential antitrust issues, the report says. A combination of the two companies would've created a company that, at least in terms of revenue, approaches the size of Cargill, the report notes.

ADM

Archer Daniels

$45.50

-0.295 (-0.64%)

BG

Bunge

$73.72

-1.935 (-2.56%)

  • 02

    May

  • 30

    May

ADM Archer Daniels
$45.50

-0.295 (-0.64%)

03/06/18
SBSH
03/06/18
UPGRADE
SBSH
Buy
Archer Daniels upgraded to Buy from Neutral at Citi
Citi analyst David Driscoll upgraded both Archer Daniels Midland (ADM) and Bunge (BG) to Buy saying the drought in Argentina is bringing relief to the global soy crush markets. The analyst sees an improving soy story for both companies.
03/06/18
SBSH
03/06/18
UPGRADE
Target $49
SBSH
Buy
Citi upgrades Archer Daniels, Bunge on 'dramatic turn' in soy market
Conditions in the global soy crushing market have taken a "dramatic turn" for the better over the past two months, Citi analyst David Driscoll tells investors in a research note. He points out that drought has struck in Argentina, shrinking the size of the new crop which begins harvest in April. Global crush margins should expand in 2018, as Argentina has less meal to export, the analyst contends. To reflect an improving soy story, Driscoll upgraded both Archer Daniels Midland (ADM) and Bunge (BG) to Buy from Neutral. Further, the analyst still sees Bunge as a potential takeout candidate, with a potential deal range from $85 to $100 per share. Driscoll raised his price target for ADM shares to $49 from $45 and for Bunge shares to $89 from $75.
03/12/18
GSCO
03/12/18
UPGRADE
Target $50
GSCO
Buy
Archer Daniels upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Adam Samuelson upgraded Archer Daniels Midland to Buy and raised his price target for the shares to $50 from $39. The analyst expects a "substantial tightening" of global soybean crush markets following a severe drought in Argentina. This should drive the first meaningful upward estimate revision cycle for ADM in three-plus years, Samuelson tells investors in a research note. He raised his 2018 earnings per share estimate to $3.16 from $2.74 and 2019 estimate to $3.54 from $2.99.
04/09/18
BUCK
04/09/18
NO CHANGE
Target $53
BUCK
Buy
Archer Daniels price target raised to $53 from $47 at Buckingham
Buckingham analyst Eric Larson reiterated his Buy rating on Archer Daniels and raised his price target to $53 from $47 saying improved fundamentals support a favorable risk/reward. Larson said WILD is projected to see solid results and a strengthening export outlook could be a "swing factor" for ag services/ethanol.
BG Bunge
$73.72

-1.935 (-2.56%)

02/15/18
02/15/18
UPGRADE
Target $90

Overweight
Bunge upgraded on bottoming ag fundamentals, M&A potential at Stephens
As previously reported, Stephens analyst Farha Aslam upgraded Bunge to Overweight from Equal Weight, citing her view that ag fundamentals are now bottoming and its earnings should begin to recover. Also, Bunge has been considered a takeout target, with interest reported from Archer Daniels (ADM) and Glencore (GLNCY), noted Aslam, who believes Bunge could be valued at $90-$95 per share in an M&A situation. The analyst raised her price target on Bunge shares to $90 from $72.
03/06/18
SBSH
03/06/18
UPGRADE
SBSH
Buy
Bunge upgraded to Buy from Neutral at Citi
Citi analyst David Driscoll upgraded both Archer Daniels Midland (ADM) and Bunge (BG) to Buy saying the drought in Argentina is bringing relief to the global soy crush markets. The analyst sees an improving soy story for both companies.
03/07/18
JPMS
03/07/18
UPGRADE
Target $90
JPMS
Overweight
Bunge reinstated with an Overweight from Neutral at JPMorgan
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.

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