ADM (ADM) Stock: $100 Price Target And Buy Rating

By Amit Chowdhry ● Apr 11, 2022

The shares of Archer-Daniels-Midland Co (NYSE: ADM) have received a $100 price target from Stifel. These are the details.

The shares of Archer-Daniels-Midland Co (NYSE: ADM) have received a $100 price target from Stifel. And Stifel analyst Vincent Anderson increased the price target on Archer-Daniels from $80 while maintaining a “Buy” rating on the shares.

Anderson adjusted the rating after updating his estimates in response to recent market data and commentary heading into the company’s first quarter report. And while Anderson expects some noise in the first quarter and understands investors may be hesitant to initiate new positions in the near term given the recent strength in shares, he expects persistent strength in the vegetable oil complex and share buybacks to help sustain EPS growth into 2023.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.