-
12
JanADM In Uptrend
Filed under: Archer-Daniels-Midland (ADM) , Stocks to Buy Archer Daniels Midland’s ( ADM ) stock has been in an incremental, minor uptrend since May 2009, hence plenty of upside remains, and that’s one reason I’m reiterating my buy rating for the company’s shares, first recommended on March 25, 2009 at a price of $28.78. The major reason for the ADM Buy recommendation is the development of emerging markets.The global recession has weighed on ADM’s results, but long-term the company remains well-positioned to capitalize on the development of emerging markets, and population growth, which will increase demand for food. Oilseed performance will be a star performer, followed by agricultural services.

Read this article:
BloggingStocksLoading...




0 Comment - Post your comment