Archer-Daniels-Midland Stock Continues To Offer Upside
Geoff Considine, Ph.D | Oct 13, 2021 12:49
Archer-Daniels-Midland (NYSE:ADM) is a major agricultural commodities firm. Through processing, storage, transportation, marketing, and trading, the company is active at many points in the production and delivery of plant-based nutrition for humans and animals, along with biofuels and industrial products.
Source: beta of 0.86 , ADM will tend to have some portfolio benefits so the stock does not need to look terribly attractive on a standalone basis.
Even though the expected upside for ADM is very limited, the bullish Wall Street consensus, the bullish market-implied outlook to early next year (albeit looking more neutral later), and the potential for continued high food inflation, convince me to stick with my bullish rating for ADM.
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