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UBS Reaffirms Their Buy Rating on Bunge Global (BG)

Tipranks - Tipranks - Tue Aug 11, 8:24AM CDT

UBS analyst Manav Gupta reiterated a Buy rating on Bunge Global today and set a price target of $145.00.

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Gupta covers the Energy sector, focusing on stocks such as Chevron, Phillips 66, and Clean Energy Fuels. According to TipRanks, Gupta has an average return of 20.9% and a 66.67% success rate on recommended stocks.

In a report released on August 5, Morgan Stanley also maintained a Buy rating on the stock with a $140.00 price target.

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Based on Bunge Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $24.04 billion and a net profit of $678 million. In comparison, last year the company earned a revenue of $12.77 billion and had a net profit of $354 million

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BG in relation to earlier this year.

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