Archer Daniels Midland (ADM) plunges after placing CFO on leave amid probe
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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) Appoints Ismael Roig as Interim CFO
January 22, 2024 5:55 AM ESTADM (NYSE: ADM) today announced the appointment of Ismael Roig as Interim Chief Financial Officer. Mr. Roig is a skilled executive deeply familiar with ADMs business, having served in a variety of global operational and financial leadership roles since joining the Company in 2004. The appointment follows the decision of the ADM Board of Directors to place Vikram Luthar, Chief Financial Officer and Senior Vice President, on administrative leave, effective immediately.
Mr. Luthars leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Boards Audit Committee regarding certain... More
Goldman Sachs Downgrades Archer Daniels Midland (ADM) to Neutral
January 22, 2024 5:50 AM ESTGoldman Sachs analyst Adam Samuelson downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Neutral with a price target of $67.00 (from $90.00).
For an analyst ratings summary and ratings history on Archer Daniels Midland... More
Baird Downgrades Archer Daniels Midland (ADM) to Neutral, 'Pending Investigation and Risk to Estimates'
January 22, 2024 2:42 AM EST(Updated - January 22, 2024 4:24 AM EST)
Baird analyst Ben Kallo downgraded Archer Daniels Midland (NYSE: ADM) from Outperform to Neutral with a price target of $61.00 (from $96.00).
The analyst comments "We are downgrading shares based on the recently announced investigation into ADM's Nutrition segment... More
