Citigroup Maintains Neutral on Archer-Daniels Midland, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Driscoll has maintained a Neutral rating on Archer-Daniels Midland (ADM) and increased the price target from $63 to $64.
April 03, 2024 | 2:40 pm
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Citigroup analyst David Driscoll maintains a Neutral rating on Archer-Daniels Midland and raises the price target from $63 to $64.
The increase in price target by Citigroup, while maintaining a Neutral rating, suggests a slight positive adjustment in the valuation of ADM. This could lead to a modest positive reaction in the short term as investors adjust their expectations based on the new target. However, the Neutral rating indicates that the analyst does not see significant upside or downside from current levels, tempering the potential impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90