B of A Securities Maintains Neutral on Archer-Daniels Midland, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Salvator Tiano maintains a Neutral rating on Archer-Daniels Midland (ADM) and lowers the price target from $85 to $74.
March 14, 2024 | 5:20 pm
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NEGATIVE IMPACT
B of A Securities maintains a Neutral rating on Archer-Daniels Midland and lowers the price target from $85 to $74.
The reduction in price target by B of A Securities, as advised by analyst Salvator Tiano, could lead to a negative short-term impact on ADM's stock price. Investors often view such adjustments as a signal of expected underperformance relative to previous forecasts, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100