Deutsche Bank Maintains Buy On Bunge

Bunge Limited

hosting Investor Day on 9/23, according to Deutsche Bank, which writes "we acknowledge this year is a transition year as the retail fertilizer business is separated from nutrients and management gains a better understanding of its sugar and bio-energy business. Recent changes in global production and trade have improved the outlook for Bunge in its role as an intermediary. We look for 2011 results to improve on higher soybean meal demand (due to higher broiler eggs set in US and Brazil), less fertilizer discounting in Brazil and synergies from the combo of Br. businesses, as well as better management of the sugar business." Deutsche maintains its Buy rating and $58 price target. Bunge Limited closed yesterday at $57.50. Learn how to find the best

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