JP Morgan Upgrades Archer Daniels Midland to "Neutral" (ADM)

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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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