Morgan Stanley Reiterates Equal-Weight on Archer-Daniels Midland, Maintains $83 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vincent Andrews has reiterated an Equal-Weight rating on Archer-Daniels Midland (NYSE:ADM) and maintained a price target of $83.
July 17, 2023 | 1:17 pm
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NEUTRAL IMPACT
Morgan Stanley has reiterated an Equal-Weight rating on Archer-Daniels Midland and maintained a price target of $83.
The news is directly about Archer-Daniels Midland and is likely to have a neutral impact on the stock in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in the sector. The maintained price target indicates that the analyst's valuation of the company has not changed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100