Archer Daniels Midland (ADM) option IV amid price movement

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Go back to Archer Daniels Midland (ADM) option IV amid price movement

Archer Daniels Midland (ADM) PT Lowered to $71 at BofA Securities

March 14, 2024 5:34 AM EDT

BofA Securities analyst Steve Byrne lowered the price target on Archer Daniels Midland (NYSE: ADM) to $71.00 (from $85.00) while maintaining a Neutral rating.

The analyst comments "We maintain our Neutral rating as we balance ADMs undemanding valuation at ~10x 2024E EPS with earnings... More