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Fly News Breaks for October 8, 2019
BG
Oct 8, 2019 | 07:03 EDT
Stephens analyst Ben Bienvenu initiated coverage of Bunge with an Overweight rating and $74 price target. He thinks shares are at an attractive entry point for long-term investors with near-term downside protection and a favorable dividend. Bienvenu also sees potential for new management to unlock the earnings power of "a business that has been consistently under-earning," the analyst stated.
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