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UPDATE: JP Morgan Initiates Bunge Limited at Overweight on Favorable Geographic Exposure

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Earnings Scheduled For February 11, 2016
Earnings Scheduled For October 29, 2015
Notable earnings before Thursday's open (Seeking Alpha)

JP Morgan initiated coverage on Bunge Limited (NYSE: BG) with an Overweight rating and an $85 price target.

JP Morgan commented, "Our Overweight rating is predicated on BG's strong geographic exposure to South America, where production of soybeans and sugarcane is looking strong for the coming season, offset by drought conditions in the U.S., which hampers visibility in the region. With 36% of oilseeds processing capacity and 60% of port capacity located in South America, BG in our view is uniquely positioned to benefit from continued growing demand for protein in Asia. Overall, we believe the stock should continue to outperform its peers."

Bunge Limited closed at $74.47 on Friday.

Latest Ratings for BG

DateFirmActionFromTo
Oct 2015MacquarieMaintainsOutperform
Sep 2015Credit SuisseUpgradesNeutralOutperform
Sep 2015BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for BG
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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