Archer Daniels price target raised to $60 from $59 at JPMorgan

JPMorgan raised the firm’s price target on Archer Daniels (ADM) to $60 from $59 and keeps an Underweight rating on the shares. The firm updated targets in the agricultural products group ahead of the Q4 reports. The ag products industry “seems to be experiencing an improved environment,” the analyst tells investors in a research note. JPMorgan says soybean board crush futures are pointing to better margins as 2026 progresses.