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

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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