Bunge Receives Upgrade, While ADM Faces Downgrade at Morgan Stanley Due to Company-Specific Factors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Source: SeekingAlpha
Morgan Stanley's Upgrade and Downgrade: Morgan Stanley upgraded Bunge Global to Overweight and downgraded Archer Daniels Midland to Underweight, citing a shift in agribusiness focus from macro factors to company-specific performance and earnings trajectories.
Bunge's Positive Outlook: The bank raised Bunge's price target significantly, attributing its favorable outlook to the acquisition of Viterra, which is expected to enhance operational and commercial synergies, potentially increasing mid-cycle earnings to around $12 per share.
Challenges for ADM: Morgan Stanley expressed concerns about ADM's Carbohydrate Solutions segment, noting downside risks due to a weakening operating environment and lowered earnings estimates for 2026 by about 10%.
Valuation Insights: The firm maintained valuation multiples for both companies but highlighted that Bunge's risk-reward profile appears more attractive than ADM's, suggesting a strategic shift towards Bunge amid growing risks associated with ADM.
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Analyst Views on ADM
Wall Street analysts forecast ADM stock price to fall
5 Analyst Rating
0 Buy
2 Hold
3 Sell
Moderate Sell
Current: 72.370
Low
50.00
Averages
56.80
High
61.00
Current: 72.370
Low
50.00
Averages
56.80
High
61.00
About ADM
Archer-Daniels-Midland Company is a global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. It is a human and animal nutrition provider. Its Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds, such as soybeans and soft seeds into vegetable oils and protein meals. Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. Nutrition segment is engaged in the creation, manufacturing, sale, and distribution of a wide array of ingredients and solutions, including plant-based proteins, flavors and colors derived from nature, flavor systems, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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