UBS Maintains Neutral on Archer-Daniels Midland, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta maintains a Neutral rating on Archer-Daniels Midland (ADM) but raises the price target from $60 to $64.
September 09, 2024 | 2:07 pm
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UBS analyst Manav Gupta maintains a Neutral rating on Archer-Daniels Midland (ADM) but raises the price target from $60 to $64.
The increase in the price target from $60 to $64 suggests a positive outlook on ADM's future performance, which could lead to a slight upward movement in the stock price. However, the Neutral rating indicates that the analyst does not expect significant outperformance compared to the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100