** BofA cuts price targets on fertilizer companies amid escalating U.S.-China trade war
** Increased likelihood of a recession and a global trade war could have far more severe implications than previously expected - BofA
** BofA sees potential downside from tariffs on U.S. exports, especially for soybeans
Brokerage cuts PT on the following firms:
Company | New PT | Old PT |
FMC Corp FMC.N | $36 | $48 |
Bunge Global BG.N | $84 | $87 |
Corteva CTVA.N | $71 | $73 |
ADM ADM.N | $47 | $48 |
(Reporting by Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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