Bunge price target lowered to $126 from $141 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Bunge to $126 from $141 and keeps a Buy rating on the shares. The firm recognizes that initial 2024 EPS guidance was “notably below” the firm’s and consensus’ incoming expectations, but is also “cognizant” of the company’s “established track record of guiding conservatively at the beginning of the year,” the analyst tells investors.