** Citigroup lowers PT on U.S.-based agricultural products companies Archer-Daniels-Midland ADM.N and Bunge BG.N, as it sees more acute earnings pressure in 2025
** Brokerage adds that pressure for both companies is due to lower oilseed crush margins and refined oil spreads
** Says for ADM, company-specific initiatives could soften these earnings pressures as co had faced some self-inflicted headwinds in 2024
** Citigroup adds that for BG, "pending acquisition of Viterra could exacerbate earnings pressure...this is largely reflected in the stock price, at this point"
Company | New PT | Old PT | Upside to stock's last close |
ADM ADM.N | $53 | $55 | 7.2% |
Bunge BG.N | $86 | $94 | 11% |
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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