Archer Daniels Midland (ADM) Appoints Ismael Roig as Interim CFO
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Stifel Downgrades Archer Daniels Midland (ADM) to Hold, 'we expect a sustained headwind to valuation on shares'
January 22, 2024 10:11 AM ESTStifel analyst Vincent Anderson downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Hold with a price target of $56.00 (from $116.00).
The analyst comments "We are updating our model for market data observed throughout the quarter ahead of ADM's 4Q23 reporting. We also... More
Roth/MKM Downgrades Archer Daniels Midland (ADM) to Neutral
January 22, 2024 7:32 AM ESTRoth/MKM analyst Brian Wright downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Neutral with a price target of $66.00 (from $98.00).
The analyst comments "On Sunday evening, ADM announced that the CFO, Vikram Luther, was put on administrative leave as a result of an ongoing... More
Archer Daniels Midland (ADM) plunges after placing CFO on leave amid probe
January 22, 2024 6:36 AM ESTArcher-Daniels-Midland Company (NYSE: ADM) shares plunged in early New York trading on Monday after an outside counsel and the Boards audit committee launched investigation for accounting practices in the companys Nutrition segment and related intersegment transactions.
This probe was initiated following a voluntary document request from the... More
