Morgan Stanley Maintains Equal-Weight on Archer-Daniels Midland, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vincent Andrews has maintained an Equal-Weight rating on Archer-Daniels Midland (NYSE:ADM) and raised the price target from $83 to $87.
July 31, 2023 | 1:03 pm
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Morgan Stanley has maintained an Equal-Weight rating on Archer-Daniels Midland and raised the price target from $83 to $87.
The news is directly related to Archer-Daniels Midland (ADM). The maintained Equal-Weight rating indicates that Morgan Stanley believes the stock is fairly valued. However, the increase in price target from $83 to $87 suggests that they see potential for the stock price to increase in the short term. This could have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100