ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave

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Go back to ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave

Stifel Downgrades Archer Daniels Midland (ADM) to Hold, 'we expect a sustained headwind to valuation on shares'

January 22, 2024 10:11 AM EST

Stifel 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