- Barclays analyst Benjamin Theuer raised the price target on Archer-Daniels-Midland Co ADM to $82 from $75 and kept an Overweight rating on the shares, implying a 27% upside.
- At its investor day Friday, the company provided an upbeat view on performance over the coming years, Theuer noted.
- The company unveiled a plan to drive continued earnings growth to $6.00-$7.00 per share by 2025.
- Price Action: ADM shares traded higher by 1.69% at $64.52 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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