BMO Capital Maintains Outperform on Bunge Global, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on Bunge Global (NYSE:BG) but has lowered the price target from $130 to $120.
February 08, 2024 | 6:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Bunge Global but lowers the price target from $130 to $120.
While the maintenance of an Outperform rating suggests continued confidence in Bunge Global's performance, the reduction in the price target could indicate a reassessment of the company's short-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors digest both the reaffirmation of the stock's potential and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100