Baird Downgrades Archer-Daniels Midland to Neutral, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo downgraded Archer-Daniels Midland (ADM) from Outperform to Neutral and reduced the price target from $96 to $61, indicating a more cautious outlook on the company's stock.

January 22, 2024 | 10:48 am
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Baird analyst Ben Kallo downgraded ADM from Outperform to Neutral and cut the price target from $96 to $61, suggesting a potential decrease in stock value.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook on the company's future performance. The substantial reduction in the price target from $96 to $61 by Baird could lead to a decrease in investor confidence and a potential drop in ADM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100