Jefferies raises ADM target, says Q1 earnings is 'low watermark'

Archer-Daniels-Midland

06/04/2026 13:59

** Jefferies raises price target for grain trader Archer-Daniels-Midland ADM.N to $77 from $65, maintains "hold" rating

** New PT represents an upside of 4.3% to the stock's last close

** Jefferies says it views the first quarter as "the low watermark, with higher soybean crush and biodiesel margins lifting Ag Services and Oilseeds through the balance of the year"

** "While we are constructive on Renewable Volume Obligation (RVO) and improving Ethanol margins, the ramp in Nutrition continues to be a black box" - brokerage

** 2 out of 13 brokerages rate the stock "buy", 8 "hold" and 3 "sell"; their median PT is $64.50 - data compiled by LSEG

** As of last close, ADM up 28.42% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))