BofA Lifts PT on Bunge Global SA (BG) to $130 From $125 – Here’s Why

Bunge Global SA (NYSE:BG) is one of the best undervalued defensive stocks for 2026. BofA lifted the price target on Bunge Global SA (NYSE:BG) to $130 from $125 on March 11, reiterating a Buy rating on the shares. The firm told investors that it sees the company’s Investor Day positively, given higher-than-expected midcycle EPS of $13-$15, a rise in the synergy target, as well as the discussion of additional margin-enhancing opportunities as the company leverages the combined platform and tech. BofA added that it thinks of the event as a hurdle that investors had to overcome for fear of a disappointing outlook. It also believes that now that the obstacle has passed, the shares can power even higher.

Bunge Global SA (NYSE:BG) also received a rating update from BMO Capital on March 11. The firm lifted the price target on the stock to $135 from $130, reiterating an Outperform rating on the shares and stating that the company’s investor day presentation was positive as the management laid out a framework to achieve the $15 mid-cycle EPS baseline by 2030. It also told investors in a research note that it has come away with increased confidence in Bunge Global SA’s (NYSE:BG) multi-year earnings trajectory.

Bunge Global SA (NYSE:BG) is a global agribusiness and food company. Its product offerings include canned and frozen vegetables, spices, vegetable oils, wine vinegar, fruit spreads, canned meats and beans, and other items. It sells its products through the brands Mrs. Dash, Ortega, Back to Nature, Bear Creek, Green Giant, and Cream of Wheat.

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