BMO lifts Archer-Daniels-Midland (ADM) target after Q4, says EPS still needs to catch up

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BMO Capital Markets raised its price target for Archer-Daniels-Midland (ADM) to $70 from $65, maintaining a market perform rating. The adjustment follows ADM’s fourth-quarter earnings release, which showed an adjusted EPS of $1.36 and exceeded consensus estimates. Despite the improved outlook, BMO suggests that ADM’s earnings per share still needs to show more significant recovery to justify further stock price increases.

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