Bunge Shares Soar 3.38% on Asset Sale, Price Target Hike

Bunge (BG) shares surged 3.38% today, marking the second consecutive day of gains, with a total increase of 3.62% over the past two days. The stock price reached its highest level since January 2025, with an intraday gain of 3.44%.

Bunge Global SA has recently announced its decision to sell its North America dry corn and corn masa milling businesses to Grain Craft. This strategic move is expected to streamline Bunge's operations and potentially enhance its focus on more profitable segments. The transaction could influence investor perceptions and contribute to the recent stock price movements.

Additionally, Citigroup has revised its price target for Bunge Global SA, increasing it from $76.00 to $77.00 while maintaining a "neutral" rating. This adjustment reflects the bank's updated outlook on the company's performance and could affect investor sentiment, further contributing to the stock's recent gains.