UPDATE: Deutsche Bank Raises PT to $72 on Bunge

Deutsche Bank reiterates its Buy rating on Bunge (NYSE: BG) and raises its price target by $2 to $72 a share as the company's value may see benefit to developments in its space.

Deutsche Bank says, "While we are currently in a lull, we continue to believe periods of tension in the food/feed/biofuel chain will occur more frequently, steadily increasing the value of intermediaries like Bunge. We look for structural changes to gradually improve global oilseed processing, incremental returns on newer assets, better conditions for sugar & fertilizer, and value-added investments to boost 2012E EPS growth."

BG closed at $62.99 a share on Thursday.