BMO Capital lowered the firm’s price target on Archer Daniels (ADM) to $51 from $53 and keeps a Market Perform rating on the shares. The company’s Q3 earnings fell well below consensus owing to weaker Ag Services & Oilseeds – AS&O – segment and Nutrition profits, partially offset by continued momentum in Carb Solutions, the analyst tells investors in a research note. Normalizing AS&O fundamentals combined with uncertainties related to U.S. biofuels policy and Nutrition outlook likely will limit 2025 earnings, BMO added.
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Read More on ADM:
- Archer Daniels price target raised to $55 from $51 at Citi
- Archer Daniels price target lowered to $56 from $60 at Barclays
- Biden admin won’t finalize clean fuel guidance before exit, Reuters reports
- Archer Daniels Midland Schedules Investor Conference Call
- Archer Daniels reports Q3 adjusted EPS $1.09, consensus $1.09
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