Bunge Global SA (NYSE:BG) is considered one of the best sugar stocks to buy by hedge funds. Analysts from JPMorgan and UBS raised price targets after the company reported a fiscal Q4 earnings beat and gave conservative guidance. Morgan Stanley and BMO Capital also raised price targets on Bunge Global SA (NYSE:BG).

Stephens and BMO Capital both raised the price target on Bunge Global SA (NYSE:BG) to $130 from $115 and $110, respectively. They maintained an Overweight and Outperform rating on the stock, highlighting the company’s strong track record and potential for earnings growth.

Bunge Global SA (NYSE:BG) is a global agribusiness and food company known for sugarcane processing and ethanol production. Its Milling segment sells wheat flour, bakery mixes, and corn-based products, while the Refined and Specialty Oils segment offers vegetable oils, cooking oil, and specialty ingredients.

While acknowledging Bunge Global SA (NYSE:BG) as a good investment, some believe that certain AI stocks offer greater upside potential with less downside risk. Investors seeking opportunities in AI stocks should consider the best short-term AI stock highlighted in a free report.

For more investment insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey. Disclosure: None. This article was originally published on Insider Monkey’s website.

Read more at Yahoo Finance: Here’s What Analysts Think About Bunge Global SA (BG)