Bunge (BG) PT Lowered to $76 at Citi

Citi analyst Thomas Palmer lowered the price target on Bunge (NYSE: BG) to $76.00 (from $86.00) while maintaining a Neutral rating.

The analyst comments "Following a 4Q EPS miss and 2025 EPS outlook below the Visible Alpha consensus (initial take), the BG shares were down 5% at time of writing. As with ADM yesterday, BG’s comments suggest a weak start to 2025 with meaningful improvement as the year progresses, especially for crush margins. We appreciate the reasons why both companies see a more favorable earnings trajectory beyond 1Q (biofuels incentives are a key driver); however, this guidance does not seem overly conservative to us and is likely to be lowered next quarter if the pending Viterra acquisition has closed."

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