Archer Daniels Midland (ADM) Appoints Ismael Roig as Interim CFO

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Go back to Archer Daniels Midland (ADM) Appoints Ismael Roig as Interim CFO

Stifel Downgrades Archer Daniels Midland (ADM) to Hold, 'we expect a sustained headwind to valuation on shares'

January 22, 2024 10:11 AM EST

Stifel analyst Vincent Anderson downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Hold with a price target of $56.00 (from $116.00).

The analyst comments "We are updating our model for market data observed throughout the quarter ahead of ADM's 4Q23 reporting. We also... More

Roth/MKM Downgrades Archer Daniels Midland (ADM) to Neutral

January 22, 2024 7:32 AM EST

Roth/MKM analyst Brian Wright downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Neutral with a price target of $66.00 (from $98.00).

The analyst comments "On Sunday evening, ADM announced that the CFO, Vikram Luther, was put on administrative leave as a result of an ongoing... More

Archer Daniels Midland (ADM) plunges after placing CFO on leave amid probe

January 22, 2024 6:36 AM EST

Archer-Daniels-Midland Company (NYSE: ADM) shares plunged in early New York trading on Monday after an outside counsel and the Boards audit committee launched investigation for accounting practices in the companys Nutrition segment and related intersegment transactions.

This probe was initiated following a voluntary document request from the... More