Archer Daniels price target raised to $116 from $114 at Stifel

Stifel analyst Vincent Anderson raised the firm’s price target on Archer Daniels to $116 from $114 and keeps a Buy rating on the shares. The analyst updated his model for market data observed throughout the quarter ahead of the company’s Q4 reporting. Anderson expects Ag Services to exit the year in line, though exports and logistics issues could present some downside. The analyst added that Crushing remains robust, allowing him to nudge Crush and RPO estimates.