Analysts Offer Insights on Consumer Goods Companies: Bunge Global (BG) and Archer Daniels Midland (ADM)
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Bunge Global (BG – Research Report) and Archer Daniels Midland (ADM – Research Report).
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Bunge Global (BG)
Morgan Stanley analyst Vincent Andrews upgraded Bunge Global to Buy today and set a price target of $120.00. The company’s shares closed last Monday at $92.59.
According to TipRanks.com, Andrews is a 2-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bunge Global with a $114.33 average price target, which is a 24.3% upside from current levels. In a report issued on December 2, Bank of America Securities also maintained a Buy rating on the stock with a $112.00 price target.
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Archer Daniels Midland (ADM)
Archer Daniels Midland received a Sell rating and a $50.00 price target from Morgan Stanley analyst Steven Haynes today. The company’s shares closed last Monday at $60.20.
Archer Daniels Midland has an analyst consensus of Moderate Sell, with a price target consensus of $58.50.
