BMO Capital Maintains Market Perform on Archer-Daniels Midland, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained a 'Market Perform' rating on Archer-Daniels Midland (NYSE:ADM) but has reduced the price target from $80 to $66.
January 22, 2024 | 1:15 pm
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BMO Capital analyst Andrew Strelzik maintains a 'Market Perform' rating on Archer-Daniels Midland but lowers the price target from $80 to $66.
The reduction in price target by BMO Capital suggests a bearish outlook on the stock's value, which could lead to a negative short-term impact on Archer-Daniels Midland's stock price as investors adjust their expectations.
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