Citi analyst Thomas Palmer has maintained their neutral stance on BG stock, giving a Hold rating on January 22.
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Thomas Palmer’s rating is based on a combination of factors involving Bunge Global’s recent financial performance and future outlook. The company reported a fourth-quarter earnings per share (EPS) that fell short of expectations, and the forecast for 2025 is also below consensus estimates. This has led to a reduction in the target price for Bunge’s stock from $86 to $76.
Although there are anticipations of improved earnings as 2025 progresses, particularly with potential enhancements in crush margins, Palmer remains cautious. The uncertainty surrounding the pending Viterra acquisition and its potential impact on earnings has contributed to the Hold rating. Additionally, the company’s outlook is dampened by lower expected margins and less share repurchase activity until the acquisition is finalized, leading to lower EPS estimates for 2025 and 2026.
In another report released on January 22, Barclays also downgraded the stock to a Hold with a $95.00 price target.