Archer Daniels price target lowered to $99 from $105 at Barclays

Barclays lowered the firm’s price target on Archer Daniels to $99 from $105 and keeps an Overweight rating on the shares. The company reported a Q1 earnings beat, driven by much better than expected results in Ag Services and Oilseeds, with Carbohydrate Solutions and Nutrition performing inline with expectations, the analyst tells investors in a research note. However, the firm added "some minor caution in the short term" to its estimates.