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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BMO lifts Archer-Daniels-Midland (ADM) target after Q4, says EPS still needs to catch up
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.