Adecoagro's Profertil Acquisition Reshapes Business Profile, BofA Upgrades to Neutral

Adecoagro's shares rose 8.3% after BofA Securities upgraded the company to Neutral following a US$308 million capital increase and acquisition of fertilizer producer Profertil. The move broadens Adecoagro's revenue mix into crop nutrients and introduces urea price risk. Investors must weigh the new exposure against existing commodity and leverage risk. Adecoagro's narrative projects $1.4 billion revenue and $117 million earnings by 2028.