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Morgan Stanley Downgrades Archer Daniels Midland; Weak Corn Crop Could Eat Into Earnings

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Linked by The Dividend Daily ( track newsfeed | ignore newsfeed ) - July 12, 09:00AM from (www.dividend.com)

Food products maker Archer Daniels Midland Company (ADM) on Thursday received a big downgrade from analysts at Morgan Stanley. The firm cut its rating on ADM from "Overweight" to "Equal-weight", citing a bad corn crop situation that could hurt consensus earnings expectations. A Morgan Stanley analyst commented, "Entering typically hot & dry July and August, ...

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