Stifel analyst Vincent Anderson upgraded Archer Daniels Midland to Buy while lowering his price target for the shares to $52 from $55. The stock at current levels largely price in the company's tough comps in soybean crush margins while undervaluing its potential earnings growth from "controllables" as the company shifts its focus to digesting recent acquisitions, Anderson tells investors in a research note. Further, Archer Daniels shares currently trade at the low end of their historical forward price-to-earnings range and trailing 52 week share price range, adds the analyst. He sees upside potential of around 23%.