Bob Karr
1 min read
In This Article:
On May 19, UBS analyst Manav Gupta upped Archer-Daniels-Midland Company (NYSE:ADM)’s stock from “Neutral” to “Buy,” raising the price objective to $60 from the prior target of $55. The analyst highlighted the potential policy benefits, together with an optimistic outlook for its nutrition segment, as critical drivers. The House’s budget reconciliation bill has made it clear that no production tax credit would be given to renewable diesel, which is made from imported feedstocks, says the firm’s analyst.
Aerial view of a vibrant wheat field, a representation of the fertilizers and crop nutrients this company provides.
Furthermore, the analyst anticipates that Agricultural (AG) services earnings for Archer-Daniels-Midland Company (NYSE:ADM) will start to increase in H2 2025. Archer-Daniels-Midland Company (NYSE:ADM) procures, transports, stores, processes, and merchandises agricultural commodities, ingredients, flavors, and solutions. As per the analyst, the animal nutrition segment continues to demonstrate recovery signs, and together with further cost reductions, improvements in the human nutrition segment are projected.
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Disclosure: None.
