Soros’ South American Venture Adecoagro Rated Overweight by HSBC
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Adecoagro SA, the South American farm venture in which George Soros is the biggest stakeholder, was rated “overweight” at HSBC Holdings Plc on appreciating land prices and its “impressive” management.
Adecoagro’s New York-listed shares were given a price estimate of $13 in initial coverage at HSBC, according to a report published today by Pedro Herrera, Diego Maia and Ravi Jain, analysts in New York and Sao Paulo.