BMO Capital reported on Tuesday that they have upgraded agricultural company, Archer Daniels Midland Company(ADM) to “Outperform”.

The firm announced that they have upgraded ADM from “Market Perform” to “Outperform,” and have given the company a price target of $32. This price target suggests a 19% increase over the stock’s current price of $25.79.

Archer Daniels shares were up 30 cents, or 1.17% during Tuesday morning trading. The stock is down 9.93% YTD.

The Bottom Line
Shares of Archer Daniels Midland (ADM) have a 2.74% dividend yield, based on last night’s closing stock price of $25.55. The stock has technical support in the $23-$24 price area. If the shares can firm up, we see overhead resistance around the $27-$29 price levels.

Archer Daniels Midland Company(ADM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.