Bunge (BG) shares surged 5.02% during Thursday's intraday trading session, reflecting strong investor confidence following a bullish update from BofA Global Research.
BofA raised its price target on Bunge to $119 from $112 and maintained a Buy rating on the shares. The firm's optimistic outlook is a key driver behind the stock's upward movement, as it signals expectations of continued growth and performance.
According to FactSet, Bunge currently holds an average Buy rating among analysts, with a mean price target of $114.73, further underscoring the positive sentiment surrounding the stock.
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