UBS Keeps Buy Rating on Bunge (BG) After Viterra Merger

Bunge Global SA (NYSE:BG) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On July 3, UBS maintained its “Buy” rating on Bunge Global SA (NYSE:BG) with a price target of $100.

This decision came after Bunge Global SA (NYSE:BG) completed its merger with Viterra, which created a premier global agribusiness solutions company for food, feed, and fuel.

As a result of this transaction, Bunge Global SA (NYSE:BG) is now a stronger company with more capabilities and expertise to meet the changing needs of its customers and deliver more value to its stakeholders.

UBS analyst Manav Gupta pointed out that the merger is anticipated to help improve the balance of value chains across geographies. Gupta also expected Bunge Global SA (NYSE:BG) to achieve significant synergies while producing more stable cash flows.

Bunge Global SA (NYSE:BG) is a global agribusiness and food company that specializes in grain origination, storage, distribution, and oilseed processing and refining. The company offers a broad portfolio of plant-based oils, fats, and proteins.

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Disclosure: None. This article is originally published at Insider Monkey.