economy
Quiet, steady gains in ADM likely to be followed by more, Carter Worth says
The 125-year-old agricultural processor and food ingredient provider has been climbing for the past 12 months, up 57% excluding the dividend.
TL;DR
- Archer-Daniels-Midland (ADM) is a 125-year-old company specializing in agricultural processing and food ingredients.
- The stock has shown quiet and steady climbing over the past 12 months.
- The recommendation is to buy the stock for potential further gains.
- The price objective for the stock is $82 +/-.
- Disclosures indicate no conflicts of interest or prior dissemination of opinions.