JPMorgan downgraded Adecoagro (AGRO) to Underweight from Neutral with a $7 price target following a period of restriction. The firm cut estimates and became more cautious across all Latin America agribusiness names. The analyst does not see any catalysts for prices in 2026, saying all markets look oversupplied and there is no weather event making markets tight “on the radar.” JPMorgan is “particularly cautious” on the sugar and ethanol market, believing 2026 will see a “large wave” of new supply coming from corn ethanol.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGRO:
- Adecoagro Reports Mixed Q3 2025 Financial Results
- Adecoagro’s Earnings Call: Achievements Amid Challenges
- Adecoagro SA: Sell Rating Amid Market Pressures and Increased Leverage from Profertil Acquisition
- Adecoagro Reports Q3 2025 Financial Results Amid Market Challenges
- Adecoagro reports Q3 Sugar, Ethanol & Energy adjusted EBITDA $120.5M, up 20% y/y