Adecoagro upgraded to Neutral from Underperform at BofA

BofA upgraded Adecoagro (AGRO) to Neutral from Underperform with a price target of $9, up from $7.50, pursuing the $308M superior summation successful December and the acquisition of Profertil. Though Profertil carries its ain risk, chiefly related to urea prices, the steadfast views the diversification distant from sweetener and ethanol arsenic positive, the expert tells investors.

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• Adecoagro Completes Acquisition of Profertil

• Adecoagro S.A. Announces $300 Million Share Offering

• Adecoagro 41.4M stock Secondary priced astatine $7.25

• Adecoagro S.A. Launches $300 Million Public Offering

• Adecoagro offers to merchantability $300M successful communal stock