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Fly News Breaks for March 7, 2016
ADM
Mar 7, 2016 | 08:23 EDT
BofA/Merrill analyst Evan Morris downgraded Archer Daniels to Neutral and maintained his $40 price target on shares. The analyst expects near-term operating headwinds to persist for a couple more quarters and said the company continues to be impacted by a strong dollar and believes crush margins in the US and Europe will move lower as the industry enters the South American harvest.
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