Bunge profit tops estimates on grain, oilseed volumes; 2024 outlook intact
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Bunge (BG) PT Lowered to $90 at CFRA
October 30, 2024 5:00 PM EDTCFRA analyst Arun Sundaram lowered the price target on Bunge (NYSE: BG) to $90.00 (from $109.00) while maintaining a Hold rating.
The analyst comments "We cut our 12-month target to $90 from $109, valuing the shares at 9.0x our 2025 EPS of $9.96 (up from $9.94; 2024 up to $9.49 from $9.29)... More
