Goldman Sachs Maintains Buy on Bunge Global, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has maintained a Buy rating on Bunge Global (NYSE:BG) but has reduced the price target from $160 to $141.
January 24, 2024 | 4:22 pm
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Goldman Sachs reaffirmed a Buy rating on Bunge Global but lowered the price target from $160 to $141, indicating a positive outlook but with a reduced growth expectation.
While the Buy rating suggests that Goldman Sachs remains optimistic about Bunge Global's future performance, the reduction in the price target may reflect a tempered growth forecast or a response to market conditions. This could lead to mixed reactions in the short term, as investors appreciate the continued positive rating but also recalibrate their expectations based on the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100