Morgan Stanley Sees Bunge Making Progress Toward Improving Its ROIC

In a report published Friday, Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “BG continues to make progress towards improving its ROIC, crucial for the stock to work, in our view. $200 million in share repurchases and incremental clarity on the balance of capital allocation are all good steps, and ideally there will be more of both to come (particularly the former).” Bunge closed on Friday at $77.36.