BMO Capital raised the firm’s price target on Bunge (BG) to $110 from $95 and keeps an Outperform rating on the shares. The company’s much-anticipated 2025 EPS guidance update including Viterra came in better than expected at $7.30-$7.60, the analyst tells investors in a research note. The update re-establishes Bunge as the name to own in our Agribusiness coverage as the shares do not reflect its EPS potential beginning in 2026 driven by Viterra, improving underlying fundamentals, and superior footprint/execution, the firm added.
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