Archer Daniels Midland Message Board

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Gold/Mining/Energy : Archer Daniels Midland

ADM 56.97

+0.4%

Nov 7 9:30 AM EST

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From: richardred	7/2/2007 2:31:53 PM
	of 84

About 3 three weeks, but not quite a valuation call! Re: How long before a valuation call upgrade? biz.yahoo.com messages.finance.yahoo.com messages.finance.yahoo.com Archer-Daniels-Midland Rises on Upgrade Monday July 2, 10:24 am ET Banc of America Securities Analyst Upgrades Archer-Daniels-Midland to "Buy" NEW YORK (AP) -- A Banc of America Securities analyst upgraded Archer-Daniels-Midland Co. on Monday, saying growing demand in emerging markets favors the farm products maker. Analyst Edgar Roesch upgraded Archer-Daniels-Midland to "Buy" from "Neutral." His $40 price target is 20.9 percent higher than the stock's close at $33.09 Friday. Roesch said the market for grains and seed processing is swelling because of global growth in biofuels and higher demand for protein in emerging markets. This benefits the Decatur, Ill.-based company because it has a range of assets capable of storing and transporting its products to far-flung places, he said. Shares of Archer-Daniels-Midland are down 15 percent in the past two months because the market is concerned that a lot of competitors will produce more corn to help customers make ethanol. Roesch said the cheap stock price compensates for the anticipated competition in selling corn, which accounts for 43 percent of earnings. Shares of Archer-Daniels-Midland jumped $1.34, or 4.1 percent, to $34.43 in morning trading. Questions or comments about this story should be directed to Associated Press reporter Dan Seymour at 212-621-7190. biz.yahoo.com A far cry from this marketwatch.com

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