Citi Upgrades Archer-Daniels-Midland to Buy, Sets $45 PT

Wednesday in a research note Citi upgraded Archer-Daniels-Midland ADM to Buy; a price target on $45 was set on the stock. The firm's David Driscoll said the upgrade was based on expectations for a strong 2014 outlook. The analyst also highlighted "dramatic improvements in

• Archer's oil seeds
• Agricultural services
• Ethanol operations

."Driscoll sees 2014 as a big recovery year in Archer's major operations. Shares of ADM are trading up around 0.24 percent at $38.47.