Jefferies lowered the firm’s price target on Archer Daniels (ADM) to $44 from $49 and keeps a Hold rating on the shares after the company posted better-than-expected Q1 EPS and reaffirmed its FY25 outlook earlier this week, but guided towards the low end of its EPS forecast. In Q2, the firm expects to see pressure continue in RPO and Crushing, but adds that strong RVO proposals could be supportive for FY26.
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