Deutsche Bank upgrades Archer Daniels Midland
Canadian Business Online reports that bigger corn crops, higher sweetener shipments and growing demand for agribusiness giant Archer Daniels Midland Co.’s soybean products will boost its shares, said a Deutsche Bank analyst as she upgraded the company. U.S. farmers are likely to grow more corn this season, said analyst Christina McGlone. The company said when reporting Q2 profit that it will benefit from a strengthening market for ethanol.
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