BUZZ-Morgan Stanley downgrades Archer-Daniels-Midland to 'underweight', cuts PT

Reuters12-16
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> downgrades Archer-Daniels-Midland to 'underweight', cuts PT

** Shares of Archer-Daniels-Midland ADM.N fall ~2% to $59.11

** Morgan Stanley downgrades stock to "underweight" from "equal weight", cuts PT to $50 from $57

** New PT represents nearly a 17% discount to stock's last close

** Brokerage says rising expectations for crush margins post-RVO and risk to Carb Solutions unit support an unfavorable setup for ADM

** Renewable volume obligations (RVO) refer to the amount of renewable fuel that refiners and importers must blend into the transportation fuel supply in a given year

** "We see risk that the RVO has raised expectations into 2026 and overshadowed further downside in Carb Solutions' - Morgan Stanley

** Two out of 12 brokerages rate the stock "buy" or higher, seven "hold" and three "sell" or lower; their median PT is $57.07 - LSEG data

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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