Bunge price target raised to $130 from $110 at BMO Capital

BMO Capital raised the firm’s price target on Bunge (BG) to $130 from $110 and keeps an Outperform rating on the shares. The company’s Q4 topped estimates thanks to the upside in Soybean and Other Oilseeds Processing & Refining segments, lower Corporate expense, and below-the-line help, the analyst tells investors in a research note.