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

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.
Comments (2)
  • bberuch
    , contributor
    Comments (271) | Send Message
     
    the financial analysists get paid high salaries for having batting averages in the 30% range...
    20 Jul 2013, 07:46 AM Reply Like
  • bberuch
    , contributor
    Comments (271) | Send Message
     
    ADM is negotiating to sell of it's coco business, and coco is experiencing a hot streak, will this bring in additional bids?
    Or give ADM a chance to realize a bigger windfall from the sale to the current prospective buyer than previously anticipated?
    21 Jul 2013, 09:13 PM Reply Like
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