Shares of Bunge (BG - Get Report) were lower by 1.15% to $76.43 on Thursday morning, following a rating downgrade to "underweight" from "neutral" at JPMorgan. The firm set a price target of $7 on the agribusiness and food company's stock.

JPMorgan sees near-term execution risk and believes the conditions allowing the company to sell its sugar assets have deteriorated recently.