Barclays Downgrades Archer-Daniels Midland to Underweight, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer has downgraded Archer-Daniels Midland (ADM) from Overweight to Underweight and set a price target of $60. This change in rating could influence ADM's stock performance in the short term.

January 22, 2024 | 4:11 pm
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Barclays analyst Benjamin Theurer downgraded ADM from Overweight to Underweight with a $60 price target, potentially affecting investor sentiment and stock price.
Analyst downgrades typically lead to a negative perception among investors, which can result in a decrease in stock price. The downgrade from Overweight to Underweight by a major financial institution like Barclays suggests a bearish outlook on ADM, which could lead to short-term selling pressure. The announcement of a $60 price target also provides a specific valuation that may influence trading behavior.
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