Market Overview

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

Share:
Related ADM
Choose Your News: Earnings, Fed, Oil, And Retail Sales Highlight Busy Day
18 Stocks Moving In Monday's Pre-Market Session
Dividend Champion Portfolio - December Update (Seeking Alpha)

Wednesday in a research note Citi upgraded Archer-Daniels-Midland (NYSE: 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.

Latest Ratings for ADM

DateFirmActionFromTo
Nov 2016JP MorganDowngradesNeutralUnderweight
Aug 2016MacquarieMaintainsOutperform
Aug 2016Argus ResearchUpgradesHoldBuy

View More Analyst Ratings for ADM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

Related Articles (ADM)

View Comments and Join the Discussion!