BMO Capital Maintains Market Perform on Archer-Daniels Midland, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained a Market Perform rating on Archer-Daniels Midland (ADM) and lowered the price target from $66 to $60.
March 13, 2024 | 2:25 pm
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BMO Capital maintains a Market Perform rating on Archer-Daniels Midland and lowers the price target from $66 to $60.
The reduction in price target by BMO Capital suggests a less optimistic outlook on ADM's stock price in the short term, potentially due to revised earnings expectations or market conditions. This could lead to a negative perception among investors, influencing the stock price to move downwards.
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IMPORTANCE 75
RELEVANCE 100