** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.