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Citigroup lowers PT of Archer-Daniels-Midland on trade tensions

ReutersApr 15, 2025 3:22 PM

Citigroup cuts price target on grain trader Archer-Daniels-Midland ADM.N to $49 from $51

New PT still a 5.5% upside to stock's last close

Brokerage sees a challenging environment for agricultural products companies in 2025 as crush margins remain depressed in North America and are down from highs in other regions

Brokerage says trade tension between the U.S. and China could lower ADM’s agri services segment outlook

BofA Global Research upgrades ADM's rating to "neutral" from "underperform", but cuts PT to $47 from $48

10 of 12 brokerages rate the stock "hold" and 2 "sell"; their median PT is $50 - data compiled by LSEG

Including session's moves, shares were down 9.5% YTD

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