Archer Daniels price target lowered to $49 from $51 at Citi

Citi lowered the firm’s price target on Archer Daniels (ADM) to $49 from $51 and keeps a Neutral rating on the shares. The firm sees a challenging set up into earnings for the agricultural products companies. Earnings downside is more likely than upside and the companies could lay out incrementally more cautious forward outlooks than were discussed a quarter ago, the analyst tells investors in a research note.