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Fly News Breaks for June 6, 2016
ADM
Jun 6, 2016 | 09:30 EDT
Stephens analyst Farha Aslam raised her price target for Archer Daniels to $45 from $40 to reflect improved business dynamics. The analyst expects a short crop in South America to increase the demand for U.S. corn and soybean exports, as well as increase earnings generated from the soybean crush facilities. Aslam continues to like the company's longer-term strategy of improving operational execution, expanding scale, and enhancing the product mix via M&A. She reiterates an Equal Weight on the shares.
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