BMO Capital Downgrades Archer-Daniels Midland to Market Perform, Announces $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik downgraded Archer-Daniels Midland (ADM) from Outperform to Market Perform and set a price target of $80.
December 18, 2023 | 10:45 am
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Archer-Daniels Midland was downgraded by BMO Capital from Outperform to Market Perform with a price target of $80.
The downgrade from Outperform to Market Perform by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term decline in ADM's stock price. The announcement of a specific price target provides a benchmark that may influence investor expectations and stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100