- Barclays analyst Benjamin Theuer raised the price target on Archer-Daniels-Midland Co ADM to $95 from $88 and kept an Overweight rating on the shares ahead of the company's Q1 results.
- The analyst noted the company has been benefitting from the current market volatility and gained further momentum.
- Theuer estimates the company's net revenue to reach $22.5 billion in Q1, growing 19% year-over-year.
- Also Read: Archer-Daniels-Midland Plans To Invest $300M To Expand Protein Production
- Price Action: ADM shares are trading lower by 1.72% at $94.40 on the last check Friday.
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