Archer Daniels Midland (ADM +2.2%) hits a new 52-week high today as JPMorgan throws in the towel...

|About: Archer Daniels Midland Co. (ADM)|By:, SA News Editor

Archer Daniels Midland (ADM +2.2%) hits a new 52-week high today as JPMorgan throws in the towel on its Sell rating after a more than 30% run for the stock this year. The team upgrades to Hold and lifts the price target to $33, figuring the company should benefit from lower corn prices.