BofA cuts price targets on US fertilizer companies amid trade tensions
15/04/2025 17:30
** BofA cuts price targets on fertilizer companies amid escalating U.S.-China trade war ** Increased likelihood of a recession and a global trade war could have far more severe implications than previously expected - BofA ** BofA sees potential downside from tariffs on U.S. exports, especially for soybeans Brokerage cuts PT on the following firms:
| Company | New PT | Old PT |
| FMC Corp FMC.N | $36 | $48 |
| Bunge Global BG.N | $84 | $87 |
| Corteva CTVA.N | $71 | $73 |
| ADM ADM.N | $47 | $48 |
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