HSBC Initiates Coverage On Bunge with Hold Rating, Announces Price Target of $122
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks has initiated coverage on Bunge (NYSE:BG) with a Hold rating and a price target of $122.
September 15, 2023 | 9:56 am
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HSBC has initiated coverage on Bunge with a Hold rating and a price target of $122.
The Hold rating from HSBC indicates a neutral outlook for Bunge's stock in the short term. The price target of $122 suggests that HSBC believes the stock is fairly valued at this price. This could influence investors' decisions, but it's not a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100