AGRO - Adecoagro upgraded at J.P. Morgan but disconnect on prices keeps bank sidelined
2024-07-01 09:58:05 ET
With limited downside to sugar and ethanol prices coupled with a weaker Brazilian real, J.P. Morgan upgraded agro-industrial Adecoagro ( NYSE: AGRO ) to Neutral from Underweight but is remaining on the sidelines given the lack of triggers for higher sugar prices. ...
Adecoagro upgraded at J.P. Morgan but disconnect on prices keeps bank sidelined