Barclays Bumps Up Price Target On This Food Processing Company

  • Barclays analyst Benjamin Theuer raised the price target on Archer-Daniels-Midland Co ADM to $95 from $88 and kept an Overweight rating on the shares ahead of the company's Q1 results.
  • The analyst noted the company has been benefitting from the current market volatility and gained further momentum.
  • Theuer estimates the company's net revenue to reach $22.5 billion in Q1, growing 19% year-over-year.
  • Also ReadArcher-Daniels-Midland Plans To Invest $300M To Expand Protein Production
  • Price Action: ADM shares are trading lower by 1.72% at $94.40 on the last check Friday.

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