- Canadian-based Blendtek Ingredients Inc., an ingredient solutions and product development company, has signed a plant protein distribution agreement with Bunge Ltd (NYSE:BG) in North America.
- Blendtek will distribute Bunge’s protein portfolio to key market segments. Blendtek will also provide product formulation expertise and blending capabilities.
- Under the agreement, Blendtek will offer Bunge proteins made from soy, pea, faba, lentil, and mung, including concentrates and isolates, as well as powders and textures.
- Bunge’s proteins can be used to make many products across meat and dairy alternatives, sports & nutrition, snacks, bakery, pet, processed meat, and more.
- Price Action: BG shares are trading higher by 1.72% at $95.72 on the last check Wednesday.
Susquehanna Slashes Price Target On NetApp, Plus Compass Point Boosts PT On This Stock By 75%
Susquehanna cut the price target on NetApp, Inc. (NASDAQ: NTAP) from $100 to $75. Susquehanna analyst Mehdi Hosseini also downgraded the stock from Positive to Neutral. NetApp shares fell 1.3% to trade at $67.76 on Monday.
