BUZZ-Citigroup lowers PT of Archer-Daniels-Midland on trade tensions

Reuters04-15

** Citigroup cuts price target on grain trader Archer-Daniels-Midland ADM.N to $49 from $51

** New PT still a 5.5% upside to stock's last close

** Brokerage sees a challenging environment for agricultural products companies in 2025 as crush margins remain depressed in North America and are down from highs in other regions

** Brokerage says trade tension between the U.S. and China could lower ADM’s agri services segment outlook

** BofA Global Research upgrades ADM's rating to "neutral" from "underperform", but cuts PT to $47 from $48

** 10 of 12 brokerages rate the stock "hold" and 2 "sell"; their median PT is $50 - data compiled by LSEG

** Including session's moves, shares were down 9.5% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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