Bunge price target raised to $95 from $90 at BofA

BofA analyst Salvator Tiano raised the firm’s price target on Bunge (BG) to $95 from $90 and keeps a Buy rating on the shares. With more clarity on biofuel quotas in the U.S. and incremental moves towards biodiesel in Brazil, the near-term set-up for Bunge has improved “materially,” the analyst tells investors.