Bunge (BG) PT Lowered to $96 at Citi

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Shares in this food company are likely to jump on guidance raise says Citi

October 7, 2024 5:00 PM EDT

Citi analysts said in a note Monday that Bunge Limited (NYSE: BG) shares could rally following its upcoming third-quarter earnings report on October 30, thanks to the possibility of a beat-and-raise quarter.

Citi maintained a Neutral rating on the stock but highlighted the potential for a short-term boost if Bunge raises its 2024 guidance, especially given the current high... More