Goldman Sachs Maintains Neutral on Archer-Daniels Midland, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has maintained a Neutral rating on Archer-Daniels Midland (NYSE:ADM) but has reduced the price target from $90 to $67.
January 23, 2024 | 1:32 pm
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Goldman Sachs has maintained a Neutral rating on ADM but lowered the price target from $90 to $67, indicating a potential downside based on the previous target.
The reduction in price target by a significant margin from $90 to $67 by a major analyst like Goldman Sachs suggests a bearish outlook on the stock's value in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100