Argus Upgrades Archer Daniels Midland (ADM) to Buy

Argus upgraded Archer Daniels Midland (NYSE: ADM) from Hold to Buy with a price target of $54.00.

The analyst expects earnings to benefit from a weaker U.S. dollar, continued cost cutting, and recent acquisitions. In addition, the company is returning capital to shareholders through stock buybacks and dividend increases, and its current yield of about 2.7% appears attractive in a low interest rate environment.

For an analyst ratings summary and ratings history on Archer Daniels Midland click here. For more ratings news on Archer Daniels Midland click here.

Shares of Archer Daniels Midland closed at $43.93 yesterday.

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