Fly News Breaks for October 7, 2019
Oct 7, 2019 | 16:18 EDT
As previously reported, Stephens analyst Ben Bienvenu initiated coverage of Archer Daniels with an Overweight rating and $50 price target. Fundamentals have been under pressure due to investments in future growth and current uncertainty in the global trade environment, but he thinks patient, value-oriented investors have a solid entry point at current levels into a company paying a healthy dividend while new businesses mature and the company's "more normalized" earnings power returns.
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