BUZZ-Morgan Stanley downgrades Archer-Daniels-Midland to 'underweight', cuts PT
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Morgan Stanley downgraded Archer-Daniels-Midland (ADM) to 'underweight' from 'equal weight' and cut its price target to $50 from $57, leading to a ~2% drop in ADM shares to $59.11. The brokerage cited rising expectations for crush margins post-RVO and risks to the Carb Solutions unit. Only two out of 12 brokerages rate the stock as 'buy' or higher, with a median price target of $57.07.
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