I was looking at Cargill because of the Mosaic spin-out and this dropped out of the feed-reader.
BG is one of the big 4 grain trading firms along with Cargill, Louis Dreyfus and Glencore.
From Schaeffer's Research:
The shares of Bunge Limited (BG) are off to a rough start today after the stock was downgraded from "buy" to "hold" at Deutsche Bank. The stock has gapped lower and is now resting on support at its rising 20-day moving average. The equity has been guided higher by its 10-day and 20-day moving averages since late December.
Sentiment on Wall Street is mixed toward the company. According to Zacks, the stock has earned five "strong buys" and four "holds." There is still ample room for potential downgrades that could plague the shares during the near term.
Meanwhile, the average 12-month price target for BG comes in at $69.55, according to Thomson Reuters. This estimate implies that analysts are expecting the shares to rally less than 3% from Friday's closing price of $67.55....MORE
