Archer Daniels Midland Company ADM has had a relatively volatile year. However, the stock has gained more than 18 percent in 2016, and more than 2.6 percent in the past five trading days.
The Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $48.60, which implies a potential return of roughly 12.2 percent from current valuations.
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Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of Archer Daniels Midland on Wednesday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.
It should be noted that, in accordance with the current score and price target, 80 percent of the crowd’s ratings are bullish right now.
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