Archer Daniels price target raised to $57 from $47 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Archer Daniels (ADM) to $57 from $47 and keeps an Equal Weight rating on the shares. The firm has been of the view since early 2024 that “the path of least resistance” for Archer Daniels and Bunge (BG) EPS was lower. However, post the Q2 reporting season, it is raising its 2026 EPS estimates and price targets for both, citing a better-than-expected RVO proposal and the sharp rally in crush margins that followed.