Join        Login             Stock Quote

Archer Daniels Midland (ADM) PT Lifted To $35 By Deutsche Bank, 'Hold' Maintained

 May 02, 2012 03:01 PM

Deutsche Bank (DB) increased its price target on shares of Archer Daniels Midland Co. (NYSE:ADM) to $35 from $31, while maintaining its "Hold" rating.

ADM should continue to benefit from more frequent periods of dislocation in the agribusiness chain across a variety of crops, particularly as it builds out its global infrastructure over the long term.

The brokerage expects trends to remain muted through the summer owing to overcapacity in oilseeds globally, poor ethanol margins, tight corn basis. However, with a large expected corn crop in the U.S., ADM's prospects can drastically change.

Archer Daniels Midland is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. It is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of vegetable oil, protein meal, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients.

[Related -Archer Daniels Midland Company (ADM) Dividend Stock Analysis]

ADM is trading down 0.33% at $32.91 on Wednesday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageLong-term Relationships and Credit Scores

Unlike many commentators, I tend to think credit scores are a good read on...

article imageIn Defense Of Rolling Return Charts

Robeco’s Lukas Daalder has a bit of an issue with rolling-performance graphics. Bashing a recent chart of read on...

article imageThe S&P 500’s Worrisome Downturn In Drawdown

Last Friday I reviewed some of the bearish signals that were casting dark shadows across the US stock read on...

article imageADP: Private-Sector Employment Rises A Solid 200k In September

The pace of growth for private-sector employment picked up in September, according to this morning’s ADP read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.