Citi analyst Thomas Palmer has revised the price target for Bunge (BG, Financial), increasing it slightly from $76 to $77, while maintaining a Neutral rating on the stock.
The analysis indicates that agricultural product companies, such as Bunge, may experience a tough scenario heading into their earnings reports. The likelihood of disappointing earnings seems higher than that of exceeding expectations. Additionally, these companies are expected to provide more reserved future outlooks than they did in their previous updates.
