BofA/Merrill Lynch Reinstates Bunge (BG) at Neutral

BofA/Merrill Lynch reinstates coverage on Bunge (NYSE: BG) with a Neutral rating and a price target of $95.00.

Analyst Evan Morris said while the company will benefit from near-term tailwinds and structural longer-term positives in the Agribusiness business, potential near-term challenges in Brazil as well as uncertainty regarding the sale of the sugar assets result in the Neutral rating.

For an analyst ratings summary and ratings history on Bunge click here. For more ratings news on Bunge click here.

Shares of Bunge closed at $88.75 yesterday.

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