Archer Daniels price target raised to $50 from $45 at Citigroup Citigroup raised its price target for Archer Daniels shares to $50 after meeting with management and keeps a Buy rating on the stock. Citi said it has increased conviction that ADM's main businesses are building positive momentum.
Sugar producers settle battle with high-fructose corn syrup, Bloomberg says Sugar producers have settled a legal dispute with high-fructose corn syrup makers including Archer-Daniels Midland after accusing the HFCS firms of misusing the term "natural," reports Bloomberg. Though terms of the settlement were unclear, Bloomberg noted the sugar companies had sought $1.6B in damages while ADM and other co-defendants had sought $531M. Reference Link