Bunge price target raised to $115 from $85 at Stephens

Stephens raised the firm’s price target on Bunge (BG) to $115 from $85 and keeps an Overweight rating on the shares. Following the company’s business update call on Viterra, the firm is “even more bullish on Bunge,” the analyst tells investors. With board crush fundamentals waning since Bunge’s last earnings call, the firm’s sense was that standalone Bunge could fall short of its FY25 EPS guidance, but strong execution in Q4, particularly in crush, likely bridged that gap and the outlook for the year is “better than expected,” the analyst added.