Bunge price target raised to $135 from $130 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on Bunge (BG) to $135 from $130 and keeps an Outperform rating on the shares. The company’s investor day presentation was positive as the management laid out a framework to achieve the $15 mid-cycle EPS baseline by 2030, the analyst tells investors in a research note. BMO adds it has come away with greater confidence in Bunge’s multi-year earnings trajectory.