Goldman Sachs Downgrades Archer-Daniels Midland to Neutral, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson downgraded Archer-Daniels Midland (ADM) from Buy to Neutral and reduced the price target from $90 to $67.
January 22, 2024 | 12:05 pm
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Goldman Sachs downgraded ADM from Buy to Neutral and lowered the price target from $90 to $67, indicating a less optimistic outlook on the stock.
The downgrade by a prominent analyst at Goldman Sachs suggests a significant change in the expected performance of ADM. The reduction in the price target implies that the stock may not have as much upside potential as previously thought, which could lead to a negative short-term reaction in the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100