Bunge (BG) PT Raised to $60 at Credit Suisse on Renewable Fuels Expansion

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October 19, 2020 7:46 AM EDT
Get Alerts BG Hot Sheet
Price: $117.23 +2.83%

Rating Summary:
    20 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 12 | New: 19
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Credit Suisse analyst Robert Moskow raised the price target on Bunge (NYSE: BG) to $60.00 (from $53.00) while maintaining an Outperform rating.

  • Takes into account the probability of much stronger vegetable oil values and soybean crush margins on the horizon.
  • Renewable Diesel Expansion Would Have a Big Impact on Soybean Oil Values
  • Positive Implications for Soybean Crush Margins
  • raising 2020 EPS to $3.95 from $3.85

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