Targa Resources Investments (NASDAQ: TRGP), EnCana Co. (NYSE: ECA), El Paso Electric (NYSE: EE), El Paso Pipeline Partners (NYSE: EPB), Bunge Limited (NYSE: BG) and Cliffs Natural Resources (NYSE: CLF) ratings and price targets.
Targa Resources Investments (TRGP) was downgraded by Tudor Pickering from a “Buy” rating to an “Accumulate” rating.
EnCana Co. (ECA) was upgraded by ISI Group from a “Sell” rating to a “Buy” rating.
El Paso Electric (EE) was upgraded by Jefferies Group (NYSE:JEF) from an “Underperform” rating to a “Hold” rating. They have a price target of $34.50 on the company, up from $28.00.
El Paso Pipeline Partners (EPB) was upgraded by Tudor Pickering from a “Hold” rating to an “Accumulate” rating.
Bunge Limited (BG) is now covered by Piper Jaffray (NYSE:PJC). They placed a “Neutral” rating and a price target of $63.00 on the company.
Cliffs Natural Resources (CLF) is now covered by RBC Capital. They placed an “Outperform” rating and a price target of $87.00 on the company.
Showing posts with label Bunge. Show all posts
Showing posts with label Bunge. Show all posts
Tuesday, January 10, 2012
Wednesday, November 16, 2011
Bunge (BG) (SLB) (SPRD) (TAP) (ATPG) (AVT) Price Targets Changed
Bunge Limited (NYSE: BG), Schlumberger (NYSE: SLB), Spreadtrum (NASDAQ: SPRD), Molson Coors Brewing (NYSE: TAP), ATP Oil & Gas Co. (NASDAQ: ATPG) and Avnet, Inc. (NYSE: AVT) had price targets on them adjusted by analysts.
Bunge Limited (BG) had its price target lowered by Credit Suisse (NYSE:CS) to $72.00. They have an “Outperform” rating on the company.
Schlumberger (SLB) had its price target lowered by Guggenheim to $95.00. They have a “Buy” rating on the company.
Spreadtrum (SPRD) had its price target raised by Jefferies (NYSE:JEF) to $31.35.
Molson Coors Brewing (TAP) had its price target lowered by UBS AG (NYSE:UBS) to $46.00. They have a “Buy” rating on the company.
ATP Oil & Gas Co. (ATPG) had its price target lowered by Jefferies to $5.00.
Avnet, Inc. (AVT) had its price target raised by Credit Suisse to $34.00. They have a “Neutral” rating on the company.
Bunge Limited (BG) had its price target lowered by Credit Suisse (NYSE:CS) to $72.00. They have an “Outperform” rating on the company.
Schlumberger (SLB) had its price target lowered by Guggenheim to $95.00. They have a “Buy” rating on the company.
Spreadtrum (SPRD) had its price target raised by Jefferies (NYSE:JEF) to $31.35.
Molson Coors Brewing (TAP) had its price target lowered by UBS AG (NYSE:UBS) to $46.00. They have a “Buy” rating on the company.
ATP Oil & Gas Co. (ATPG) had its price target lowered by Jefferies to $5.00.
Avnet, Inc. (AVT) had its price target raised by Credit Suisse to $34.00. They have a “Neutral” rating on the company.
Wednesday, August 24, 2011
Tyson (TSN) (ADM) (SFD) (BG) (OILT) (ONXX) Get New Coverage
Tyson Foods, Inc. (NYSE: TSN), Archer Daniels Midland Company (NYSE: ADM), Smithfield Foods, Inc. (NYSE: SFD), Bunge Limited (NYSE: BG), Oiltanking Partners (NASDAQ: OILT) and Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) getting new analyst coverage.
Barclays Capital initiated coverage on Tyson Foods, Inc. (TSN). They placed an “Overweight” rating and a price target of $23.00 on the company.
Barclays Capital initiated coverage on Archer Daniels Midland Company (ADM). They placed an “Equal Weight” rating and a price target of $31.00 on the company.
Barclays Capital initiated coverage on Smithfield Foods, Inc. (SFD). They placed an “Equal Weight” rating and a price target of $23.00 on the company.
Barclays Capital initiated coverage on Bunge Limited (BG). They placed an “Overweight” rating and a price target of $81.00 on the company.
Barclays Capital initiated coverage on Oiltanking Partners (OILT). They placed an “Overweight” rating and a price target of $28.00 on the company.
Summer Street initiated coverage on Onyx Pharmaceuticals, Inc. (ONXX). They placed a “Buy” rating and a price target of $49.00 on the company.
Barclays Capital initiated coverage on Tyson Foods, Inc. (TSN). They placed an “Overweight” rating and a price target of $23.00 on the company.
Barclays Capital initiated coverage on Archer Daniels Midland Company (ADM). They placed an “Equal Weight” rating and a price target of $31.00 on the company.
Barclays Capital initiated coverage on Smithfield Foods, Inc. (SFD). They placed an “Equal Weight” rating and a price target of $23.00 on the company.
Barclays Capital initiated coverage on Bunge Limited (BG). They placed an “Overweight” rating and a price target of $81.00 on the company.
Barclays Capital initiated coverage on Oiltanking Partners (OILT). They placed an “Overweight” rating and a price target of $28.00 on the company.
Summer Street initiated coverage on Onyx Pharmaceuticals, Inc. (ONXX). They placed a “Buy” rating and a price target of $49.00 on the company.
Monday, August 1, 2011
Bunge (BG) (ADM) (MUR) (CLF) (DTE) (TNAV) Ratings Reiterated
Bunge Limited (NYSE: BG), Archer Daniels Midland Company (NYSE: ADM), Murphy Oil Corp (NYSE: MUR), Cliffs Natural Resources Inc (NYSE: CLF), DTE Energy Co (NYSE: DTE) and Telenav Inc. (NASDAQ: TNAV) had ratings reiterated by analysts.
Morgan Stanley (NYSE:MS) reiterated its "Overweight" rating on Archer Daniels Midland Company (ADM).
Scotia Capital reiterated its "Sector Perform" rating on Murphy Oil Corp. (MUR).
Morgan Stanley reiterated an "Equal Weight" rating on Bunge Limited (BG).
Dahlman Rose reiterated its "Buy" rating on Cliffs Natural Resources Inc. (CLF). They have a price target of $120.00 on the company.
Wunderlich reiterated a "Hold" rating on DTE Energy Co. (DTE).
JPMorgan Chase & Co. (NYSE:JPM) reiterated a "Neutral" rating on Telenav Inc. (TNAV).
Morgan Stanley (NYSE:MS) reiterated its "Overweight" rating on Archer Daniels Midland Company (ADM).
Scotia Capital reiterated its "Sector Perform" rating on Murphy Oil Corp. (MUR).
Morgan Stanley reiterated an "Equal Weight" rating on Bunge Limited (BG).
Dahlman Rose reiterated its "Buy" rating on Cliffs Natural Resources Inc. (CLF). They have a price target of $120.00 on the company.
Wunderlich reiterated a "Hold" rating on DTE Energy Co. (DTE).
JPMorgan Chase & Co. (NYSE:JPM) reiterated a "Neutral" rating on Telenav Inc. (TNAV).
Monday, May 16, 2011
Monsanto (MON) (ADM) (BG) (CPO) (DD) Trade Mixed as Grain Prices Fall
Companies with exposure to major grains like Archer Daniels Midland Company (ADM), Bunge Ltd. (BG), Corn Products International (CPO), Monsanto (MON) and DuPont (DD) were under pressure last week as corn and wheat prices fell and soybeans were for the most part about level.
Bunge was the only company that traded positive Friday.
Expectations are prices should rebound in the weeks ahead because of supply concerns coming from the impact of the weather on planting, which is behind schedule in a large number of cases.
Archer Daniels Midland Company (ADM) closed Friday at $32.20, dropping $0.10, or 0.31 percent. Bunge traded up to close at $73.00, gaining $0.53, or 0.73 percent. Monsanto closed at $63.79, falling $0.22, or 0.34 percent.
Bunge was the only company that traded positive Friday.
Expectations are prices should rebound in the weeks ahead because of supply concerns coming from the impact of the weather on planting, which is behind schedule in a large number of cases.
Archer Daniels Midland Company (ADM) closed Friday at $32.20, dropping $0.10, or 0.31 percent. Bunge traded up to close at $73.00, gaining $0.53, or 0.73 percent. Monsanto closed at $63.79, falling $0.22, or 0.34 percent.
Tuesday, April 26, 2011
Coeur d Alene Mines (CDE) (BG) (BRY) (VQ) PTs Raised on April 26
Bunge Limited (NYSE: BG), Berry Petroleum Comp (NYSE: BRY), Coeur d Alene Mines Corp (NYSE: CDE) and Venoco, Inc. (NYSE: VQ) all had their price targets boosted by analysts on April 26.
Jefferies (NYSE:JEF) boosted its price target on Bunge Limited (BG) from $78.00 to $84.00. They have a “Buy” rating on Bunge.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on Berry Petroleum (BRY) from $43.00 to $47.50. They have an “Overweight” rating on Berry.
Jefferies raised their price target on Coeur d Alene Mines Corp (CDE) from $42.00 to $44.00. They have a “Buy” rating on the miner.
JPMorgan Chase & Co. raised its price target on Venoco, Inc. (VQ) from $15.00 to $17.00.
Jefferies (NYSE:JEF) boosted its price target on Bunge Limited (BG) from $78.00 to $84.00. They have a “Buy” rating on Bunge.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on Berry Petroleum (BRY) from $43.00 to $47.50. They have an “Overweight” rating on Berry.
Jefferies raised their price target on Coeur d Alene Mines Corp (CDE) from $42.00 to $44.00. They have a “Buy” rating on the miner.
JPMorgan Chase & Co. raised its price target on Venoco, Inc. (VQ) from $15.00 to $17.00.
Monday, January 24, 2011
Archer Daniels Midland (NYSE:ADM), Bunge Ltd (NYSE:BG), Cargill Land Deal with Chinese Importers
With the backdrop of a huge and surprising deal by China to acquire soybeans from American farmers, valued at $6.7 billion, companies like Archer Daniels Midland (NYSE:ADM), Bunge Ltd (NYSE:BG) and Cargill signed deals with major Chinese importers, including COFCO and Sinograin.
The deal for soybeans by China was the largest it has ever entered in as a one-off deal.
Dealers responded saying they thought there would be a symbolic purchase of soybeans, but not a legitimate, major deal like the one entered into.
It is believed the Chinese made it over concerns soybean prices could rise significantly throughout 2011, so they locked in prices now.
The overall deal represents 11.5 million tons of soybeans to be delivered in 2011 incrementally. The overall total is enough to meet the import demand of the Chinese for up to three months.
Soybeans acquired by China will be for delivery in the 2011/12 (September-to-August) marketing year.
Prices for soybeans have reached a 30-month high in January on Chinese demand and production concerns in South America.
The deal for soybeans by China was the largest it has ever entered in as a one-off deal.
Dealers responded saying they thought there would be a symbolic purchase of soybeans, but not a legitimate, major deal like the one entered into.
It is believed the Chinese made it over concerns soybean prices could rise significantly throughout 2011, so they locked in prices now.
The overall deal represents 11.5 million tons of soybeans to be delivered in 2011 incrementally. The overall total is enough to meet the import demand of the Chinese for up to three months.
Soybeans acquired by China will be for delivery in the 2011/12 (September-to-August) marketing year.
Prices for soybeans have reached a 30-month high in January on Chinese demand and production concerns in South America.
Thursday, December 16, 2010
Bunge (NYSE:BG) Valuation Should Rise on Soybean Prices, US Dollar Weakness
Bunge (NYSE:BG) has been challenged concerning its valuation, but according to Jefferies (NYSE:JEF), they see that changing heading into 2011.
They noted, "We expect Bunge's valuation to move off of its current trough level in 2011 driven by: 1) the resumption of system volume growth, 2) favorable soybean price trends through 1H11, 3) potential U.S. Dollar depreciation, and 4) a growing investor awareness of Bunge's Brazilian sugar and ethanol opportunity."
Jefferies initiated coverage on Bunge today with a "Buy" rating. Bunge was trading at $61.76, up $0.25, or 0.36 percent. Jefferies has a price target of $78 on them, basing it on their EPS/revenue estimates for full year 2010 and full year 2011 of $3.72/$44.9 billion and $5.20/$48.5 billion.
They noted, "We expect Bunge's valuation to move off of its current trough level in 2011 driven by: 1) the resumption of system volume growth, 2) favorable soybean price trends through 1H11, 3) potential U.S. Dollar depreciation, and 4) a growing investor awareness of Bunge's Brazilian sugar and ethanol opportunity."
Jefferies initiated coverage on Bunge today with a "Buy" rating. Bunge was trading at $61.76, up $0.25, or 0.36 percent. Jefferies has a price target of $78 on them, basing it on their EPS/revenue estimates for full year 2010 and full year 2011 of $3.72/$44.9 billion and $5.20/$48.5 billion.
Monday, November 22, 2010
Potash (NYSE:POT), Monsanto (NYSE:MON), Mosaic (NYSE:MOS), CF Industries (NYSE:CF) Has Attractive Valuations Says Morgan Stanley (NYSE:MS)
Saying they believe corn prices at about $5 a bushel appear to be sustainable, Morgan Stanley (NYSE:MS) sees a number of companies in the agricultural sector doing well based on strong valuations, including Potash (NYSE:POT), Monsanto (NYSE:MON), Mosaic (NYSE:MOS) and CF Industries (NYSE:CF).
As far as processing companies, Morgan Stanley likes Archer Daniels Midland (NYSE:ADM) over competitors Corn Products (NYSE:CPO) or Bunge (NYSE:BG).
Potash was trading at $140.62, up by $0.37, or 0.26 percent at 12:00 PM EST. Monsanto was at $60.71, gaining $1.26, or 2.12 percent. Mosaic was at $70.01, dropping $0.04, or 0.06 percent. CF Industries was up to $118.09, rising by $0.38, or 0.32 percent.
Archer Daniels Midland traded at $29.61, down $0.05, or 0.17 percent.
Corn Products was at $44.75, falling by $0.54, or 1.19 percent. Bunge dropped to $61.09, down by $0.43, or 0.70 percent.
As far as processing companies, Morgan Stanley likes Archer Daniels Midland (NYSE:ADM) over competitors Corn Products (NYSE:CPO) or Bunge (NYSE:BG).
Potash was trading at $140.62, up by $0.37, or 0.26 percent at 12:00 PM EST. Monsanto was at $60.71, gaining $1.26, or 2.12 percent. Mosaic was at $70.01, dropping $0.04, or 0.06 percent. CF Industries was up to $118.09, rising by $0.38, or 0.32 percent.
Archer Daniels Midland traded at $29.61, down $0.05, or 0.17 percent.
Corn Products was at $44.75, falling by $0.54, or 1.19 percent. Bunge dropped to $61.09, down by $0.43, or 0.70 percent.
Friday, November 12, 2010
BP (NYSE:BP) Makes Bid for Brazil's Cerradinho
Reports from a Brazilian newspaper say BP (NYSE:BP) has made a bid for Cerradinho sugar and ethanol group, based in Brazil.
BP has reportedly offered $466 million to gain a 50 percent stake in the company.
According to the O Estado de S.Paulo newspaper, talks have been going on for several months, and the board of Cerradinho is expected to give an answer one way or the other soon.
Neither company would comment on what the identified as market rumors.
It does seem the bid by BP was made, and if it's rejected, there are several other suitors like Bunge (NYSE:BG) and Noble (NYSE:NBL), among others, who Cerradinho could seek as a minority shareholder, which admittedly is their goal at this time.
Cerradinho said, "The company is analyzing several options and almost got to a decision, but hasn't concluded anything yet. We'll likely
have a decision by December."
BP has reportedly offered $466 million to gain a 50 percent stake in the company.
According to the O Estado de S.Paulo newspaper, talks have been going on for several months, and the board of Cerradinho is expected to give an answer one way or the other soon.
Neither company would comment on what the identified as market rumors.
It does seem the bid by BP was made, and if it's rejected, there are several other suitors like Bunge (NYSE:BG) and Noble (NYSE:NBL), among others, who Cerradinho could seek as a minority shareholder, which admittedly is their goal at this time.
Cerradinho said, "The company is analyzing several options and almost got to a decision, but hasn't concluded anything yet. We'll likely
have a decision by December."
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