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Archer Daniels Midland Upgraded to “Outperform” at Credit Suisse (ADM)

By Dividend.com,  January 19, 2011, 09:21:09 AM EDT

Food products giant Archer Daniels Midland Company ( ADM ) on Wednesday caught a big upgrade from analysts at Credit Suisse.

The firm said it boosted its rating on ADM from "Neutral" to "Outperform," noting the company will likely see higher margins as a result of rising grain prices. Credit Suisse also raised its price target for ADM from $37 to $40, which implies a 19% upside to the stock's Tuesday closing price of $33.72.

ADM shares rose 46 cents, or +1.4%, in premarket trading Wednesday.

The Bottom Line
We have been recommending shares of Archer Daniels Midland ( ADM ) since Jan.12, when the stock was trading at $32.21. The company has a 1.78% dividend yield, based on last night's closing stock price of $33.72.

Archer Daniels Midland Company ( ADM ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: ADM



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