Archer Daniels price target raised to $65 from $63 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on Archer Daniels (ADM) to $65 from $63 and keeps a Market Perform rating on the shares as part of a broader research note adjusting the firm’s models on Agribusiness & Protein commodities. The firm is updating its feedstock prices, higher energy costs, and recovery in U.S. beef margins in March from temporarily depressed Feb levels, the analyst tells investors in a research note.