JP Morgan Upgrades Archer Daniels Midland to “Neutral” (ADM)
JP Morgan analysts believe that Archer Daniels Midland Company (ADM) should benefit from lower corn prices. As a result, analysts upgraded the agricultural products giant on Friday
The analysts upgraded ADM from “Underweight” to “Neutral” with a $33 price target. That target suggests a nearly 9% downside to the stock’s intraday price of $36.19 per share.
Archer Daniels Midland shares were up 20 cents, or 0.56%, during morning trading on Friday. The stock is up 31.76% year-to-date.
The Bottom Line
Shares of Archer Daniels Midland (ADM) have a dividend yield of 2.10% based on Friday’s intraday trading price of $36.19 and the company’s annualized dividend payout of 76 cents per share.
Archer Daniels Midland Company (ADM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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