UBS Downgrades Archer-Daniels Midland to Neutral, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta downgraded Archer-Daniels Midland (ADM) from Buy to Neutral and cut the price target from $104 to $51.
January 26, 2024 | 10:47 am
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UBS downgraded Archer-Daniels Midland from Buy to Neutral and halved the price target from $104 to $51.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The substantial reduction in the price target from $104 to $51 by a major financial institution like UBS suggests a significant change in the company's valuation, which could lead to a decrease in investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100