Here's What Analysts Think About Bunge Global SA (BG)

Bunge Global SA (NYSE:BG) is one of the best sugar stocks to buy according to hedge funds. Bunge Global SA (NYSE:BG) received several rating updates by analysts on February 5. JPMorgan lifted the price target on the stock to $130 from $117 and maintained an Overweight rating on the shares. UBS also raised the price target on Bunge Global SA (NYSE:BG) to $145 from $108, reaffirming a Buy rating on the stock and telling investors that the company reported a fiscal Q4 earnings beat and provided conservative guidance.

Stephens also lifted the price target on Bunge Global SA (NYSE:BG) to $130 from $115 on February 5 and maintained an Overweight rating on the shares. It stated in a post Q4 note that with a demonstrated track record of execution and multiple earnings growth levers ahead, the firm continues to like the company “even at these levels”.

In another development, BMO Capital lifted the price target on Bunge Global SA (NYSE:BG) to $130 from $110 on February 5 while maintaining an Outperform rating on the shares.

Bunge Global SA (NYSE:BG) is a global agribusiness and food company and has historically been involved in sugarcane processing and ethanol production. Its Milling segment operates businesses that sell wheat flour, bakery mixes, and corn-based products. Through its Refined and Specialty Oils segment, Bunge Global SA (NYSE:BG) sells vegetable oils and fats, including cooking oil, specialty ingredients, and more.

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