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

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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.

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

 

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