Archer Daniels price target raised to $50 from $48 at Barclays

Barclays analyst Benjamin Theuer raised the firm’s price target on Archer Daniels (ADM) to $50 from $48 and keeps an Underweight rating on the shares. The firm expects a softer Q2/Q3 this year in Americas Agribusiness as U.S. biofuel mandates were published well after market expectations and crush remained soft, the analyst tells investors.