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ADM

Archer Daniels

$42.00

1.4 (3.45%)

06:37
02/07/18
02/07
06:37
02/07/18
06:37

Archer Daniels weighs options to counter U.S. tax provision, Reuters reports

Archer Daniels Midland is mulling options to offset a new U.S. tax law provision that gives farmers a 20% deduction on payments for sales of crops to competing cooperatives, but not for sales to private or investor-owned companies such as ADM or Cargill, Reuters reports, citing comments by CEO Juan Luciano. Congress members have told ADM, which has already seen a minor commercial impact from the provision, that the rule will be "fixed legislatively." Reference Link

ADM Archer Daniels
$42.00

1.4 (3.45%)

01/22/18
SPHN
01/22/18
NO CHANGE
Target $72
SPHN
Equal Weight
Bunge could be valued at $90-$95 in takeover, says Stephens
After The Wall Street Journal reported that Archer Daniels Midlands (ADM) made a takeover approach to Bunge (BG), Stephens analyst Farha Aslam noted the prior reports that Glencore (GLNCY) had sought to buy Bunge last May and has a stand still agreement in place that expires in February. She believes that Bunge could be valued at $90-$95 in a takeover scenario and notes that synergies from a combination with Archer Daniels would likely be significant. Aslam keeps an Equal Weight rating and $72 price target on Bunge shares.
01/22/18
SBSH
01/22/18
NO CHANGE
SBSH
Citi sees $85-$100 per share as 'appropriate' deal price for Bunge
Citi analyst David Driscoll believes $85-$100 per share is an "appropriate" takeover price for Archer Daniels Midland (ADM) to pay for Bunge (BG). The Wall Street Journal on Friday reported that ADM has made a takeover approach towards Bunge. "Back of the envelope" deal math at the midpoint of the takeout range suggests accretion to ADM of 75c per share, 28% against a 2018 earnings per share of forecast of $2.70, Driscoll tells investors in a research note. He believes, however, that there could be some antitrust issues in ADM and Bunge's oilseed processing businesses in the U.S. and Europe. Antitrust hurdles in both countries are "likely high" for a possible combination, the analyst contends. Further, he believes that if ADM is unable to hold onto Bunge's North American and European crushing assets in a deal, the transaction would be less attractive.
01/22/18
FBCO
01/22/18
NO CHANGE
Target $84
FBCO
Outperform
Credit Suisse says Archer may be trying to push Bunge to negotiating table
Credit Suisse analyst Robert Moskow said that by making its interest public via a Wall Street Journal report, Archer Daniels (ADM) might be trying to get Bunge (BG) to the negotiating table before its standstill agreement with Glencore (GLNCY) expires in February. He has heard speculation that Archer might just want to make sure Glencore pays up, but Moskow believes this approach sound like more than just "friendly fire," he tells investors. Given Archer Daniels' unleveraged balance sheet and significant overlap with Bunge, the analyst estimates $800M of headline synergies and a $90 per share price for Bunge are possible. Moskow keeps an Outperform rating and $84 price target on Bunge shares, which are up about 4% to $80.45 near midday.
01/23/18
JPMS
01/23/18
NO CHANGE
JPMS
Underweight
Glencore better fit for Bunge than ADM, says JPMorgan
JPMorgan analyst Ann Duignan believes Bunge (BG) is a "superior strategic fit" for Glencore (GLNCY) and "clearly not in-line" with the strategic vision communicated by ADM (ADM) in recent years. The analyst has an Underweight rating on ADM shares and does not rate Bunge. The Wall Street Journal reported Friday that ADM made a takeover approach to Bunge. Dunigan does not believe Bunge's core assets would be easily separable without destroying value, and therefore does not think it would be possible for both ADM and Glencore to share the company. Further, ADM does not have the fire power to outbid Glencore and its partners, the analyst told investors yesterday in a research note.

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$276.58

-0.42 (-0.15%)

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SPX

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$0.00

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-0.42 (-0.15%)

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$276.58

-0.42 (-0.15%)

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INTU

Intuit

$209.07

0.14 (0.07%)

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Upgrade
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  • 10

    Jul

DPS

Dr Pepper Snapple

$121.77

0.32 (0.26%)

19:26
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Downgrade
Dr Pepper Snapple rating change at Stifel »

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T

AT&T

$32.20

-0.97 (-2.92%)

, NFLX

Netflix

$390.27

-1.56 (-0.40%)

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AT&T

$32.20

-0.97 (-2.92%)

NFLX

Netflix

$390.27

-1.56 (-0.40%)

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  • 18

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TSLA

Tesla

$370.78

12.76 (3.56%)

19:14
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  • 09

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

19:03
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Periodicals
Senate passes military funding bill that reimposes sanctions on ZTE, CNBC says 

Reference Link

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  • 10

    Sep

PLM

PolyMet Mining

$1.02

0.005 (0.50%)

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VIVE

Viveve

$3.82

0.09 (2.41%)

, ACAD

Acadia

$15.82

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FLNT

Fluent

$2.90

(0.00%)

CL

Colgate-Palmolive

$63.30

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$32.16

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TELL

Tellurian

$10.87

-0.19 (-1.72%)

DEA

Easterly Government Properties

$20.17

0.14 (0.70%)

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DENN

Denny's

$15.82

0.085 (0.54%)

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  • 19

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PI

Impinj

$22.25

-0.13 (-0.58%)

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AAL

American Airlines

$42.44

-0.32 (-0.75%)

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  • 26

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FLNT

Fluent

$2.90

(0.00%)

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VSAR

Versartis

$2.40

-0.1 (-4.00%)

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QRVO

Qorvo

$85.79

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  • 18

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GWB

Great Western

$44.43

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WFC

Wells Fargo

$55.08

0.09 (0.16%)

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RYTM

Rhythm Pharmaceuticals

$28.81

-3.8 (-11.65%)

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JWN

Nordstrom

$51.60

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GD

General Dynamics

$195.97

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