April 22, 2016
JPMorgan Upgrades Archer Daniels Midland (ADM)
Archer Daniels Midland Company (NYSE:ADM) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Friday, StockTargetPrices.com reports. The firm currently has a $36.00 price objective on the stock, up from their previous price objective of $30.00. JPMorgan Chase & Co.’s price target would indicate a potential downside of 6.13% from the company’s previous close.
In related news, Director Francisco J. Sanchez bought 1,000 shares of the business’s stock in a transaction dated Friday, February 5th. The stock was purchased at an average cost of $34.35 per share, for a total transaction of $34,350.00. Following the transaction, the director now owns 2,500 shares in the company, valued at approximately $85,875. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Source: American Banking and Market News
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