Archer Daniels resumed with an Equal Weight at Stephens

Stephens resumed coverage of Archer Daniels (ADM) with an Equal Weight rating and $55 price target Archer Daniels’ ability to leverage its extensive scale and global footprint to efficiently address global food and energy demands “remains a core strength.” However, the company has faced challenges in recent years, particularly within the Nutrition segment that remains in the early stages of recovery, and investors may prefer to wait for clearer evidence of sustainable growth before taking a more constructive view, the analyst says.