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.
August 04, 2023 | 9:18 am
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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 of Morgan Stanley maintaining an Equal-Weight rating on Archer-Daniels Midland and raising the price target is likely to have a positive impact on the company's stock in the short term. This is because the raised price target indicates the analyst's increased confidence in the company's performance, which could encourage investors to buy the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100