UBS Maintains Buy on Archer-Daniels Midland, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta has maintained a Buy rating on Archer-Daniels Midland (NYSE:ADM) but has reduced the price target from $115 to $104.
December 20, 2023 | 1:10 pm
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UBS maintains a Buy rating on Archer-Daniels Midland but lowers the price target to $104 from $115.
The reduction in price target by UBS may cause some investors to adjust their valuation models for ADM, potentially leading to short-term price fluctuations. However, the maintenance of a Buy rating suggests that the overall outlook for the company remains positive, which could mitigate any negative impact from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100