Archer-Daniels-Midland Co. (NYSE:ADM) on Tuesday reported upbeat second-quarter results and raised its full-year earnings outlook.Adjusted earnings were $1.84 per share, beating the consensus estimate of $1.44. Revenue increased to $22.7 billion, ahead of analysts’ expectations of $21.8 billion.ADM raised its fiscal 2026 adjusted earnings guidance to a range of $5.15 to $5.60 per share from its prior outlook of $4.15 to $4.70. The new forecast is above the analyst consensus estimate of $4.79.Archer-Daniels-Midland shares gained 1.2% to $80.81 in pre-market trading.These analysts made changes to their price targets on Archer-Daniels-Midland following earnings announcement.
Morgan Stanley analyst Vincent Andrews upgraded the stock from Underweight to Equal-Weight and raised the price target from $60 to $79.
Barclays analyst Benjamin Theurer maintained the stock with an Equal-Weight rating and raised the price target from $85 to $90.
